Mainebiz

V O L . X X X I I N O. X I M AY 1 8 , 2 0 2 6 12 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 Leaders America advisor since founding the group on campus in the late 70s. The Finance Authority of Maine in Augusta approved the issuance of a tax credit certificate related to a $10.4 million investment by AMCREF Fund 106 LLC, a community development entity, in New Bangor Region YMCA Support Corp. through the Maine New Markets Capital Investment Program. Up to $4 million in tax credits will be available as a result of the investment. The funds will support a $57.8 million project that is expected to transform a vacant stretch of downtown Bangor into a mixed-use community hub. The city of Augusta announced a new partnership with the Roux Institute at Northeastern University to launch Venture Forward Augusta, a cohort- based program designed to support Augusta-based entrepreneurs, small business owners and local business leaders looking to grow and strength- en their ventures. Thomas College in Waterville an- nounced a new master's program in Clinical Mental Health Counseling set to launch in Fall 2026 that will help address pressing mental health care needs in rural Maine. Sargent Corp. sells Hermon asphalt plant Orono general contractor Sargent Corp. sold its Hermon hot mix Is Your 401(k) Keeping Up? Many small business 401(k) plans haven't been benchmarked in years. Pine Harbor Advisors of Augusta and South Portland, Maine, helps business owners benchmark and review their 401(k) plans to ensure they remain competitive, cost‑effective, and aligned with best practices. A benchmarking review can help you: Evaluate plan fees Compare investments to the marketplace Improve plan design for owners and employees When was your last 401(k) review? Please schedule a no-obligation 401(k) benchmarking review today. Scan here to learn more about how we support Employer Plans: South Portland: 707 Sable Oaks Drive Suite 203 South Portland, ME 04106 Augusta: 45 Memorial Circle Suite 104 Augusta, ME 04330 207-761-4733 info@pineharboradvisors.com pineharboradvisors.com Securities and advisory services offered through Cetera Advisors LLC, member FINRA/SIPC, a broker/dealer and Registered Investment Adviser. Cetera is under separate ownership from any other named entity. Forward Thinking • Innovative • Consistency You Can Count On D'arcy Main-Boyington Economic Development Director ecdev@brewermaine.gov 207-989-7500 W W W . B R E W E R M A I N E . G O V " The City of Brewer has welcomed my small family business with open arms by providing us with resources to facilitate growth within the community." Daniel Finnemore President, Box of Maine B R I E F Maine Redevelopment Land Bank will have a new leader B y A l e x i s W e l l s T he Yarmouth town manager will step down at the end of June to lead the Maine Redevelopment Land Bank Authority. Scott LaFlamme will succeed Tuck O'Brien as executive director of the Maine Redevelopment Land Bank Authority. O'Brien, who stepped down in March, led the authority from its founding in 2024 through scaling up to full operations over the past year. LaFlamme announced his intention to step down at the Yarmouth Town Council meeting on April 30. He has been town manager for two years, and before that served as economic development director. In a letter to the community posted on May 5, LaFlamme said the oppor- tunity at Maine Redevelopment was unexpected and not related to any issues within the town government. He also said Yarmouth remains in strong financial and operational condition and is well-positioned to move forward. "While I'm excited about what's ahead, it's hard to put into words how much this community means to me, and how difficult it is to imagine leaving it," said LaFlamme. LaFlamme said he will work with the Town Council to identify an interim town manager. The council is expected to begin the process of finding a replacement in the coming weeks. While I'm excited about what's ahead, it's hard to put into words how much this community means to me. — Scott LaFlamme Town of Yarmouth F I L E P H O T O / T OW N O F YA R M O U T H Scott LaFlamme N O R T H E R N & E A S T E R N

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