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W W W. M A I N E B I Z . B I Z 13 A U G U S T 1 9 , 2 0 2 4 F O C U S G R E AT E R B A N G O R / N O R T H E R N M A I N E neighborhood," she explains. "In larger cities, it also speaks to being close to public transportation." Meanwhile in downtown Bangor, High Tide Capital is taking advan- tage of state and historic tax credits to revamp historic buildings with luxury rental apartments like the ones in the Hammond, where the Bangor Region Chamber of Commerce is based. Deb Neuman, the group's president and CEO, says that while the new living options are luring more working profes- sionals — and new businesses — to the downtown area, "we need more housing for all ages and all different populations." at includes finding more alternatives for older residents like her parents, who have lived in the same house for 55 years. "If there's more housing available for seniors, then they're more apt to downsize and move out of the ones they raised their children in and make that home available for a family, but they have to have housing they want to move into," she says. C O N T I N U E D O N F O L L OW I N G PA G E » Contact us to learn more Call or text 207-669-2254 email inquiries@bellviewassociates.com bellviewassociates.com Ron Dennis was unsure how his business would move into its next chapter after being family-owned for over 100 years. However, once he decided to sell the business to his employees, knew it was the right move. Working with Bellview to conduct an Employee Stock Ownership Program transaction made it possible. Ron Dennis, Chairman of the Board Dennis Paper and Food Service "Bellview was the architect of my ESOP, which was so foreign and confusing to me at first. They were the key ingredient for my financial success. I would do business with Bellview again in a heartbeat." S.W. Cole Engineering wanted to add a new business line which was capital intensive. CFO Jason Richard called Bar Harbor Bank & Trust to finance their new drilling business. With our understanding of the company, we helped them expand into this new line, grow their geographic reach and streamline their cash management. To see this and other success stories, go to www.barharbor.bank/success-stories. Member FDIC Equal Housing Lender Additional terms/fees may apply for some services. All applications subject to approval. Want to grow your business? www.barharbor.bank • 888-853-7100 Over 50 locations across northern New England We can make it happen. Together. Call 207-669-6811 today to connect with our Commercial Banking team. With the bank's help, our growth has been a success. —Jason Richard, CFO, S.W. Cole Engineering Bangor at a glance Penobscot County seat Incorporated as a town in 1834 Population: 31,588 (Maine's third largest city) Median household income: $52,438 (2022 estimate) Major employers in the region: Northern Light Eastern Maine Medical Center, Hannaford Supermarkets, Bangor Savings Bank, University of Maine, Husson University S O U R C E S : econ.main.gov, Mainebiz research BANGOR HOUSING MARKET, JUNE 2024 Median sales price: $310,000 (19.2% year-over-year) Number of homes sold: 33 (−25.7% year-over-year) Median days on market: 33 (+23 year-over-year) S O U R C E : Redfin