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W W W. M A I N E B I Z . B I Z 5 O C T O B E R 2 0 , 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, 172 Shrewsbury St, Worcester, MA 01604. Annual subscriptions are available for $100.00 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 (508) 755-8004 x242. Mainebiz® accepts no responsibility for unsolicited manuscripts and in general does not return them to the sender. We are thrilled to have Mara join our team! mascoma.bank Member Mara Penell Senior Vice President Commercial Loan Officer 48 Free Street, Portland (207) 800-9973 mara.penell@mascomabank.com "I'm excited to bring two decades of experience in commercial lending and my collaborative approach to Mascoma Bank to help Maine businesses thrive!" 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, water and wind 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 3 Viewpoints Editor's letter plus Top 10 11 Building Business Fresh off Augusta project, Mastway Development launches apartment build in Gardiner 27 On the Record New head of Manufacturing Association of Maine aims to tackle labor, energy challenges 28 In Short Newsworthy people and performances 30 The List Maine's largest private schools 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 The American dream sewn into every stitch 9 Biz Money Maine faces shortfall of 3,000 skilled manufacturing workers 10 Ask ACE How do you prepare leadership and management to run an ESOP successfully? A roundup of Maine's business news 6 P H O T O / J I M N E U G E R 27