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W W W. M A I N E B I Z . B I Z 5 A P R I L 2 1 , 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 28 On the Record Thomas College president on guard against potentially 'devastating' federal funding cuts 30 In Short Newsworthy people and performances 34 The List Banks with the largest market share in Maine 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 Gathering around a fire is the aim of a Gorham manufacturer 7 Ask ACE What can my company do now to prepare for taxes next year? 9 Politics & Co. Maine scallop fishermen in limbo with NOAA pause 11 Politics & Co. Tariff chaos sets off backlash from small business owners A roundup of Maine's business news 6 P H O T O / J I M N E U G E R 28 " FAME listened to our unique story and believed in us. The staff was adaptable and found a way to 'yes.'" Dan Bell, General Manager AGRI-CYCLE ENERGY, Scarborough 1-800-228-3734 • TTY: 207-626-2717 10-Time Winner, Best Places to Work in Maine (2015–24) FAMEmaine.com Your local commercial loan insurance partners with quick online approvals & personalized service. MERRILL'S WHARF | 254 COMMERCIAL STREET | PORTLAND, ME 04101 | PIERCEATWOOD.COM LEGAL SERVICES YOU CAN BANK ON Banks, nancial services providers, and ntech companies rely on Pierce Atwood to provide them with experienced representation and counsel on: • Regulatory issues • Commercial lending • M&A and conversions • Workouts and collections • Privacy and data security • Government relations • Class action defense • Derivatives and structured products • Governance and executive compensation • Litigation and dispute resolution • Technology procurement and outsourcing To learn how we can assist your organization, please contact rm partner Emily L. Cooke at ecooke@pierceatwood.com. Pierce Atwood. There's a reason…