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V O L . X X I N O. X I I I J U N E 2 9 , 2 0 1 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 Portland fi rm gets $3.4M to expand Downeast 4G coverage Portland-based Wireless Partners LLC said it has secured a $3.4 mil- lion loan that will help it expand high-speed cellular and broadband service to underserved Downeast communities. e telecommunica- tions fi rm said the fi nancing approval, with Mechanics Savings Bank as the lender and the Finance Authority of Maine as the loan's insurer, will help it move forward with its 4G LTE expansion in eastern Hancock and Washington counties. Court sides with BIW in union dispute A union representing about 3,000 employees at Bath Iron Works lost a legal battle in June when a federal court dismissed its lawsuit against the shipyard. e Portland Press Herald reported that Local S6 of the International Association of Machinist and Aerospace Workers was seeking to stop arbitration over contested job description changes sought by BIW. But a U.S. District judge sided with BIW, ruling that the union's dispute should be played out in arbitration, not court. Pen Bay Medical pursues energy savings project Pen Bay Medical Center is undergo- ing a major energy effi ciency project that is expected to save the hospital more than $550,000 per year. e Bangor Daily News reported that the project was recently announced by the hospital's parent organization, Pen Bay Healthcare. e hospital is expected to recoup the project's costs over a six-year period. Brunswick train facility gets fi nal OK from DEP e operator of the Amtrak Downeaster has received its fi nal permit needed to begin construc- tion of its proposed $12.7 million layover facility in Brunswick. e Portland Press Herald reported that the project's storm water manage- ment plan was approved by the Maine Department of Environmental Protection on June 15. e Northern New England Passenger Rail Authority said it will now work with its contractor, Portland-based Consigli Construction, to create a construction schedule. Brunswick West Neighborhood Coalition, a group of residents abutting the proj- ect, said it plans to appeal the project, which could trigger a lengthy hearing process. However, NNEPRA said it may be able to start construction dur- ing the appeal process, if it happens. 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 Mid Coast Hospital opened a new health care center at 108 Centre St. in Bath that will provide preventive and chronic disease care as well as inte- grated behavioral health counseling. The Board of Directors of The First Bancorp in Damariscotta recently declared a quarterly dividend of 22 cents per share. This second-quarter dividend is payable July 31 to share- holders of record as of July 6 and is up one cent from the 21 cents per share the company paid in each of the past four quarters. Based on the June 16 closing price of $18.12 per share, the annualized dividend of 88 cents per share translates into a yield of 4.86%. 224 businesses say they oppose national park A coalition of 224 Maine businesses has announced its opposition to the idea of opening a national park in the Katahdin region. e Bangor Daily News reported that the list of 224 busi- nesses was revealed during a recent rally against the 150,000-acre national park proposal from Lucas St. Clair, son of the entrepreneur Roxanne Quimby. Some of the opposing businesses include Madison Paper Industries of Madison, EJ Carrier Inc. of Jackman and American Forest Management of Milford. e list was developed by the Maine Woods Coalition and the Maine Snowmobile Association. Orono startup receives $225K NSF grant Orono-based Revolution Research Inc. is receiving a nearly $225,000 grant from the National Science Foundation for the development of a new kind of foam board insulation. e Portland Press Herald reported that Revolution Research, founded by two University of 1-800-564-0111 | eatonpeabody.com Augusta | Bangor | Brunswick | Ellsworth | Portland A Successful Business Starts with a Great Team Building your team of talented employees often can be as hard as keeping them satisfied. Our Employee Benefits & Executive Compensation Practice can assist you in attracting and retaining quality employees through the design and implementation of employee benefit plans and programs that help promote employee loyalty for employers of all sizes. We assist clients with the design, implementation and operation of tax-advantaged retirement plans; group benefit plans, such as health insurance (both fully insured and self- insured), dental insurance, term life insurance and short and long term disability; executive compensation plans; cafeteria plans; ERISA compliance; ACA compliance; and employee benefit issues in mergers and acquisitions. For more information, please contact Edward F. Feibel at 207-274-5266. 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

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