Mainebiz

V O L . X X I N O. X X S E P T E M B E R 7 , 2 0 1 5 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 Hartt celebrates opening of $5.3M Auburn facility Bangor-based Hartt Transportation recently opened its new $5.3 million truck terminal in Auburn, signal- ing the company's business growth in the area. e Sun Journal reported that the new facility, which is the fi rst tenant in the company-owned Kitty Hawk Business Park, has 260 employ- ees and is expected to add more than $25 million a year to the local econ- omy, according to Hartt CFO Joanna Bradeen. e newspaper said Hartt's Auburn location accounted for 16% of corporate revenue when it had only one local customer there in 2001. But, the newspaper added, corporate revenue from Hartt's Auburn location has since grown to 42%. N O T E W O R T H Y C E N T R A L & W E S T E R N Thomas College in Waterville was awarded a TRIO Student Support Services grant of $1.1 million over fi ve years to support the success, reten- tion, and graduation of fi rst-generation students, students from low-income families and/or students with identi- fi ed disabilities. The U.S. Department of Agriculture's National Institute of Food and Agriculture awarded Bragdon Farm LLC in Waterville a Small Business Innovation Research Program - Phase I grant for its Hay Fuel Logs: Transforming Waste Hay into an Alternative Heating Source for Maine and Beyond project. Developer to convert vacant Belfast school to housing e developer of a Waterville mill project is in line to buy the long- vacant Crosby School in downtown Belfast and likely convert it into housing. Paul Boghossian, a Colby College graduate who led the multi- million redevelopment of Waterville's historic Hathaway Mill, confi rmed to the Bangor Daily News that he has a purchase-and-sale agreement for the building. e newspaper didn't say when the sale is expected to close, but Boghossian indicated that renovations could begin by spring of 2016. He said he would likely convert 1 9 6 5 - 2 015 YEARS OF SERVICE TO OUR CLIENTS AND COMMUNITIES A T T O R N E Y S A T L A W DrummondWoodsum Learn what the Drummond Woodsum Venture Capital & Emerging Companies Practice Group can do for you at: dwmlaw.com 800.727.1941 Drummond Woodsum has what a new business needs: Our attorneys and consultants understand the challenges of start-up businesses. We partner with your management team to provide expertise relationships and business combinations. We Like Start-Up and Emerging Businesses • Business Organization • Tax Planning • Capital Formation • Mergers and Acquisitions • Intellectual Property • Environmental Compliance Protection and Licensing and Permitting "New distillery ideas can be very speculative. When our business needed financing, nobody we approached would help us out. But FAME did. Every person we dealt with at FAME was helpful and has been a partner for us. They are willing to listen and work with you. I don't think we would have been able to get this company off the ground if we hadn't obtained the initial loan we did from FAME." — Chris Dowe Managing Partner/Master Distiller, Cold River Vodka Cold River Vodka 1-800-228-3734 — FA MEmaine.com Helping Maine Businesses Succeed Since 1983 M I D C O A S T & D O W N E A S T

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