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V O L . X X X I N O. V I I I A P R I L 2 1 , 2 0 2 5 10 B U S I N E S S M A I N E B U S I N E S S M A I N E B U S I N E S S N E W S F RO M A RO U N D T H E S TAT E Delayed Jonesport fish farm moves forward Dutch fish farmer Kingfish Co. said it will continue planning for construction of a land-based aquaculture operation in Jonesport now that it's won a court victory in Maine affirming the state permits for the site. "Our construc- tion timeline for the Jonesport facility was, unfortunately, significantly delayed by several years due to the multiple appeals by opponents," said Vincent Erenst, CEO of Kingfish. "Now, with the appeals behind us, the project timeline will be determined by cur- rent economic and financial conditions, which we are assessing at this time." e company produces yellowtail kingfish at its Kingfish Zeeland facility in the Netherlands. Yellowtail is considered a versatile fish species that's well-known in Italian and Asian fusion cuisines. In 2023, the build-out was estimated to cost $110 million. ere is no revised estimate yet, nor a projected groundbreaking date, a spokesperson told Mainebiz. N O T E W O R T H Y M I D C O A S T & D O W N E A S T Heart of Ellsworth's Downtown Grants program awarded the owner of Zi Photography a grant of $5,000. The pro- prietor of Zi Photography, Zelli (who goes by one name), said she would use the money for professional development. King looks to boost hiring in forest products sector U.S. Sens. Angus King, I-Maine, and Jim Risch, R-Idaho, co-chairs of the Senate Working Forests Caucus, intro- duced the legislation to improve forest industry employment and participa- tion through a grant program aimed at rural and underserved communi- ties.Dana Doran, executive director of the Professional Logging Contractors Northeast, said the Jobs in the Woods Act comes at a critical time for the logging industry. "Our existing logging and forest trucking workforce is aging, and targeted workforce education and training programs are needed to provide pathways to good paying careers in the woods to ensure the industry's future," said Doran. e act would support developmental programs designed to better equip and train the forest prod- ucts workforce for careers with the U.S. Forest Service and timber industries. In Maine, the forest products industry supports nearly 14,000 jobs. Maine Savings FCU expands Bangor presence Maine Savings Federal Credit Union is the latest credit union to open a new branch, at 878 Stillwater Ave. in Bangor. It's the credit union's third branch in Bangor, adding to its 671 Broadway and 868 Hammond St. locations, and its 12th overall. Other branches are in Bar Harbor at Jackson Laboratory, Brewer, Corinth, Ellsworth, Hampden, Milo, North Vassalboro, Old Town and Portland. e Stillwater Avenue branch officially opened on March 17. N O T E W O R T H Y N O R T H E R N & E A S T E R N The Municipal Review Committee in Orono changed its name to Municipal WasteHub to better reflect its commit- ment to modernization, transparency and sustainable waste management solutions for our 115 member com- munities across Maine. The com- pany also said its Hampden facility, Municipal Waste Solutions, reopened. Puritan Medical Products in Guilford was invited by the European Congress of Clinical Microbiology and Infectious Diseases to attend European Society of Clinical Microbiology and Infectious Diseases 2025 in Vienna, Austria to showcase its specimen collection and transport products, including flock swabs and diverse media. Hollywood Casino in Bangor donated $10,000 to Bangor Area Homeless Shelter. Chick-fil-A Bangor awarded a total of $40,000 in scholarships to 24 of its employees to help continue their education. U.S. Sen. Susan Collins announced that a $4 million award by the Department of the Interior Bureau of Indian Affairs' Tribal Climate Resilience Program in Fiscal Year 2024 to the Penobscot Nation has been restored. The funding will be used to acquire 30,000 acres of critical habitat in the Penobscot River watershed, creating an important ecological corridor and pro- tecting culturally significant lands. Disclosure: Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal. Diversification does not eliminate the risk of market loss. A long-term investment approach cannot guarantee a profit. Nothing in this communication is intended to be or should be construed as individualized investment advice. Registration with the SEC should not be construed as an endorsement or an indicator of investment skill, acumen or experience. F.L.Putnam is not licensed to provide and does not provide legal, tax, or accounting advice to clients. For more information, please visit www.flputnam.com. 5 Widgery Wharf Portland, ME 04101 (207) 775-3197 The right kind of financial advice can be your best investment ™ At F.L.Putnam, we provide consistent, objective advice so you can focus on the things most important to you. Let's connect today. Visit us at www.flputnam.com M I D C O A S T & D O W N E A S T N O R T H E R N & E A S T E R N Mainebiz print is a powerful advertising tool and the best way to get in front of Maine's business leaders. — Paula Mahony Fractional CMO, Words@Work, Inc. 85% of Mainebiz readers spend 15 minutes or more reading each issue 81% of Mainebiz subscribers are the #1 decision-makers at their business. INFORM. ENGAGE. CONNECT. ENGAGED AUDIENCE FOR ADVER TI S I NG OPPOR TU NI TI ES, EM AI L ADVERTISING@MAINEBIZ.BIZ F U L L C O N T E N T S O N PA G E 4 F O C U S S O U T H E R N M A I N E M U S H RO O M A N D C O N S T R U C T I O N P H O T O S / T I M G R E E N W AY P O R T S M O U T H N AVA L S H I P YA R D P H O T O S / J I M N E U G E R 12 Anchoring Kittery The Portsmouth Naval Shipyard, a major employer in southern Maine, gears up for the future. 16 A real estate surge A shortage of existing homes has contractors scrambling to meet the demand for housing. 19 Ag's next wave? Mushroom growers are cultivating a variety of fungi to keep up with demand from chefs and consumers. Southern Maine builds on diverse industries S O U T H E R N M A I N E F O C U S Economy motion S O U T H E R N M A I N E F O C U S S TA R T S O N PA G E 1 1 » in $2.00 July 10, 2017 VO L . X X I I I N O. X V www.mainebiz.biz 85% of Mainebiz readers are college graduates STATEWIDE, SUBSCRIPTION-BASED BUSINESS PUBLICATION IN MAINE. WE ARE THE ONLY AUDITED, A Look at Maine's Future Economy REGISTER WEDNESDAY, JANUARY 17