Mainebiz

V O L . X X I N O. X X I I I O C T O B E R 5 , 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 Start saving money before you build Whether your business is building a new facility or expanding an existing one, you have lots of decisions to make. But the one you shouldn't put off is which energy system and company to use. For over 60 years, AAA Energy Service has designed and built heating, cooling and ventilation systems that t the need. Guaranteed. Choosing the right HVAC system and company is critical. 21 Looking for effective marketing with measurable results at an affordable price? We Can Help. Direct Mail • Email • Social Delivering results since 1992 Rockland, ME | (207) 596-6203 Visit Our Website to Learn More www.TargetMaine.com/mainebiz ordinance." Fort Fairfield has long been an attractive potential location for commercial wind development due to its many large, wind-swept hills and ridges with several proj- ects proposed for the area in the past. e council imposed a mora- torium on the development of any project so the town could develop an ordinance to address the issue. at moratorium was passed in October 2014 and extended for an additional 180 days in March 2015. e new ordinance goes into effect immediately. N O T E W O R T H Y N O R T H E R N & E A S T E R N The U.S. Small Business Administration awarded $73,000 in grant funding to MaineStream Finance, a Bangor com- munity finance institution that provides credit and services to low-income Mainers. It provides loans, including business and home mortgage loans, and financial education to low- and moderate-income Maine residents. It primarily serves Penobscot, Piscataquis, Knox, and Waldo counties, provides services to people typically underserved by traditional banks as a community development financial institution Italian storage manufacturer Modula opens factory in Lewiston Modula, an Italian manufacturer of automated picking and storage solutions for factories and warehouses, recently established its North American headquarters by opening a new factory in Lewiston. The company held a ribbon-cutting ceremony Sept. 25 at the facility, which covers more than 102,000 square feet of production and engineering space and houses 50 people, according to the company. Modula said it expects the facility to provide better lead time for customers throughout the United States and Canada. It invested $6 million in equipment for the Lewiston facility. Modula belongs to System Group, one of the largest Italian industrial conglom- erates. The group founded the System Logistics and Modula divisions in 1987. The company said its revenue nearly doubled over the last two years to about $57.5 million. U.S. Sen. Angus King, who attended the ribbon-cutting, said in a statement that Modula recognized a talented workforce and the potential to succeed in Lewiston. "I continue to believe that our manufacturing sector's best days are ahead, and Modula is an excellent example of that and of how we can continue to strengthen an industry that helped build this nation's middle class," King said. The company employees about 250 people in two plants, one in Italy and the plant in Lewiston. There are also 13 Modula branch offices in Europe, the Americas, Asia and Africa. — M a i n e b i z S t a f f P H O T O / C O U R T E S Y O F M O D U L A Modula, an Italian manufacturing company, set up its North American headquarters in Lewiston.

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