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W W W. M A I N E B I Z . B I Z 5 A P R I L 7 , 2 0 2 5 Copyright 2025. All rights reserved. Mainebiz® (ISSN# 1530-0749) is published bi-weekly 29 times a year, including special issues published in July, September, October and December by New England Business Media LLC. Periodicals postage paid (USPS# 018-715) at Port land, ME and at additional entry points. Postmaster: Please send changes to: Mainebiz, PO Box 330, Congers, NY 10920-0330. Annual subscriptions are available for $84.00 and include Fact Book and Book of Lists. To subscribe, please visit our website at www.mainebiz.biz, email circulation@ mainebiz.biz or call our circulation department at 845- 267-3008. Mainebiz® accepts no responsibility for unsolicited manuscripts and in general does not return them to the sender. 3 Viewpoints Editor's letter plus Top 10 11 Building Business Developers Collaborative leads Rockland senior housing project 29 On the Record Roux Institute entrepreneurship programs aim to 'tackle Maine's most pressing challenges' 30 In Short Newsworthy people and performances 34 The List Notable projects completed by Maine-based construction firms in 2024 B U S I N E S S M A I N E I N E V E RY I S S U E 6 Made in Maine Axe maker in South Portland carves out a niche 8 With debt funding, Madison manufacturer TimberHP outlines reorganization plan 9 Ask ACE What can I do to help my sales team meet their goals? 10 Politics & Co. MDI Hospital is latest to close labor and delivery unit A roundup of Maine's business news 6 P H O T O / J I M N E U G E R 29 Considering a Commercial Project? Getting any complex commercial project o the ground requires a range of legal expertise – in site assembly, structuring, permitting, construction, financing, tax, and more. Our Maine-based commercial real estate and land use team has the breadth of experience needed for any size or type of project, including hotels, o•ce buildings, ski areas, large-scale residential subdivisions, energy projects, retail sites, and distribution centers. Contact us today and let us know how we can help get your project o the ground. Pierce Atwood. There's a reason… Eben Adams Rebecca Greenfield Margaret Smith Lisa Gilbreath Brian Rayback Peter Kenlan Merrill's Wharf · 254 Commercial Street · Portland, ME 04101 · 207.791.1100 · PIERCEATWOOD.COM MAKE CHANGE YOUR CHOICE. Wondering if it's time to change banks? Choose a bank that puts people first through service, teamwork, and community. Switch to Kennebec Savings Bank, and let us help you take your business to the next level. https://www.kennebecsavings.bank/business/borrowing/local-business Come into one of our branches or check us out online to choose how you'd like to switch to Kennebec Savings Bank.