Mainebiz

V O L . X X I I N O. V I I I A P R I L 1 8 , 2 0 1 6 4 PUBLISHER PUBLISHER PUBLISHER PUBLISHER PUBLISHER PUBLISHER PUBLISHER PUBLISHER PUBLISHER PUBLISHER PUBLISHER PUBLISHER Donna Brassard Donna Brassard Donna Brassard Donna Brassard Donna Brassard Donna Brassard Donna Brassard Donna Brassard Donna Brassard Donna Brassard Donna Brassard Donna Brassard Donna Brassard Donna Brassard Donna Brassard EDITOR EDITOR EDITOR EDITOR EDITOR EDITOR EDITOR EDITOR Peter Van Allen Peter Van Allen Peter Van Allen Peter Van Allen Peter Van Allen Peter Van Allen Peter Van Allen Peter Van Allen Peter Van Allen Peter Van Allen Peter Van Allen Peter Van Allen Peter Van Allen Peter Van Allen ONLINE EDITOR ONLINE EDITOR ONLINE EDITOR ONLINE EDITOR ONLINE EDITOR ONLINE EDITOR ONLINE EDITOR ONLINE EDITOR ONLINE EDITOR ONLINE EDITOR ONLINE EDITOR ONLINE EDITOR ONLINE EDITOR ONLINE EDITOR ONLINE EDITOR ONLINE EDITOR Kevin Steeves Kevin Steeves Kevin Steeves Kevin Steeves Kevin Steeves Kevin Steeves Kevin Steeves Kevin Steeves Kevin Steeves Kevin Steeves Kevin Steeves Kevin Steeves Kevin Steeves Kevin Steeves SENIOR WRITERS SENIOR WRITERS SENIOR WRITERS SENIOR WRITERS SENIOR WRITERS SENIOR WRITERS SENIOR WRITERS SENIOR WRITERS SENIOR WRITERS SENIOR WRITERS SENIOR WRITERS SENIOR WRITERS SENIOR WRITERS SENIOR WRITERS SENIOR WRITERS SENIOR WRITERS SENIOR WRITERS SENIOR WRITERS James McCarthy James McCarthy James McCarthy James McCarthy James McCarthy James McCarthy James McCarthy James McCarthy James McCarthy James McCarthy James McCarthy James McCarthy James McCarthy James McCarthy James McCarthy James McCarthy (Health care, Energy, Law) (Health care, Energy, Law) (Health care, Energy, Law) (Health care, Energy, Law) (Health care, Energy, Law) (Health care, Energy, Law) (Health care, Energy, Law) (Health care, Energy, Law) (Health care, Energy, Law) (Health care, Energy, Law) (Health care, Energy, Law) (Health care, Energy, Law) (Health care, Energy, Law) (Health care, Energy, Law) (Health care, Energy, Law) (Health care, Energy, Law) (Health care, Energy, Law) (Health care, Energy, Law) (Health care, Energy, Law) (Health care, Energy, Law) (Health care, Energy, Law) Lori Valigra Lori Valigra Lori Valigra Lori Valigra Lori Valigra Lori Valigra Lori Valigra Lori Valigra Lori Valigra Lori Valigra Lori Valigra Lori Valigra (Innovation, Food/Ag, (Innovation, Food/Ag, (Innovation, Food/Ag, (Innovation, Food/Ag, (Innovation, Food/Ag, (Innovation, Food/Ag, (Innovation, Food/Ag, (Innovation, Food/Ag, (Innovation, Food/Ag, (Innovation, Food/Ag, (Innovation, Food/Ag, (Innovation, Food/Ag, (Innovation, Food/Ag, (Innovation, Food/Ag, (Innovation, Food/Ag, (Innovation, Food/Ag, (Innovation, Food/Ag, (Innovation, Food/Ag, Banking/Finance) Banking/Finance) Banking/Finance) Banking/Finance) Banking/Finance) Banking/Finance) Banking/Finance) Banking/Finance) Banking/Finance) Banking/Finance) Banking/Finance) Banking/Finance) Banking/Finance) Banking/Finance) Banking/Finance) E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T E D I T O R I A L A S S I S TA N T Mark Jeanneret Mark Jeanneret Mark Jeanneret Mark Jeanneret Mark Jeanneret Mark Jeanneret Mark Jeanneret Mark Jeanneret Mark Jeanneret Mark Jeanneret Mark Jeanneret Mark Jeanneret Mark Jeanneret Mark Jeanneret Mark Jeanneret SENIOR ACCOUNT SENIOR ACCOUNT SENIOR ACCOUNT SENIOR ACCOUNT SENIOR ACCOUNT SENIOR ACCOUNT SENIOR ACCOUNT SENIOR ACCOUNT SENIOR ACCOUNT SENIOR ACCOUNT SENIOR ACCOUNT SENIOR ACCOUNT SENIOR ACCOUNT SENIOR ACCOUNT SENIOR ACCOUNT SENIOR ACCOUNT SENIOR ACCOUNT SENIOR ACCOUNT MANAGERS MANAGERS MANAGERS MANAGERS MANAGERS MANAGERS MANAGERS MANAGERS MANAGERS MANAGERS MANAGERS MANAGERS MANAGERS Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Ken Hanson, Andrea Tetzlaff, Betsy VanderPloeg Betsy VanderPloeg Betsy VanderPloeg Betsy VanderPloeg Betsy VanderPloeg Betsy VanderPloeg Betsy VanderPloeg Betsy VanderPloeg Betsy VanderPloeg Betsy VanderPloeg Betsy VanderPloeg Betsy VanderPloeg Betsy VanderPloeg Betsy VanderPloeg Betsy VanderPloeg Betsy VanderPloeg Betsy VanderPloeg Betsy VanderPloeg ACCOUNT MANAGER ACCOUNT MANAGER ACCOUNT MANAGER ACCOUNT MANAGER ACCOUNT MANAGER ACCOUNT MANAGER ACCOUNT MANAGER ACCOUNT MANAGER ACCOUNT MANAGER ACCOUNT MANAGER ACCOUNT MANAGER ACCOUNT MANAGER ACCOUNT MANAGER ACCOUNT MANAGER ACCOUNT MANAGER ACCOUNT MANAGER ACCOUNT MANAGER ACCOUNT MANAGER ACCOUNT MANAGER ACCOUNT MANAGER David Tremberth David Tremberth David Tremberth David Tremberth David Tremberth David Tremberth David Tremberth David Tremberth David Tremberth David Tremberth David Tremberth David Tremberth David Tremberth David Tremberth David Tremberth David Tremberth AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT AUDIENCE DEVELOPMENT COORDINATOR COORDINATOR COORDINATOR COORDINATOR COORDINATOR COORDINATOR COORDINATOR COORDINATOR COORDINATOR COORDINATOR COORDINATOR COORDINATOR COORDINATOR COORDINATOR COORDINATOR Kelly Ansley Kelly Ansley Kelly Ansley Kelly Ansley Kelly Ansley Kelly Ansley Kelly Ansley Kelly Ansley Kelly Ansley Kelly Ansley Kelly Ansley Kelly Ansley Kelly Ansley EVENTS/MARKETING EVENTS/MARKETING EVENTS/MARKETING EVENTS/MARKETING EVENTS/MARKETING EVENTS/MARKETING EVENTS/MARKETING EVENTS/MARKETING EVENTS/MARKETING EVENTS/MARKETING EVENTS/MARKETING EVENTS/MARKETING EVENTS/MARKETING EVENTS/MARKETING EVENTS/MARKETING EVENTS/MARKETING EVENTS/MARKETING EVENTS/MARKETING EVENTS/MARKETING EVENTS/MARKETING EVENTS/MARKETING MANAGER MANAGER MANAGER MANAGER MANAGER MANAGER MANAGER MANAGER MANAGER MANAGER Rebekah Roy Rebekah Roy Rebekah Roy Rebekah Roy Rebekah Roy Rebekah Roy Rebekah Roy Rebekah Roy Rebekah Roy Rebekah Roy Rebekah Roy Rebekah Roy Rebekah Roy Rebekah Roy MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS MARKETING/OPERATIONS DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR Alison Nason Alison Nason Alison Nason Alison Nason Alison Nason Alison Nason Alison Nason Alison Nason Alison Nason Alison Nason Alison Nason Alison Nason Alison Nason CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS CONTRIBUTING WRITERS Jim Milliken, Doug Jim Milliken, Doug Jim Milliken, Doug Jim Milliken, Doug Jim Milliken, Doug Jim Milliken, Doug Jim Milliken, Doug Jim Milliken, Doug Jim Milliken, Doug Jim Milliken, Doug Jim Milliken, Doug Jim Milliken, Doug Jim Milliken, Doug Jim Milliken, Doug Jim Milliken, Doug Jim Milliken, Doug Jim Milliken, Doug Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Packard, Douglas Rooks, Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Laurie Schreiber, Jennifer Van Allen Van Allen Van Allen Van Allen Van Allen Van Allen Van Allen Van Allen Van Allen Van Allen EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER EDITORIAL RESEARCHER Stephanie Meagher Stephanie Meagher Stephanie Meagher Stephanie Meagher Stephanie Meagher Stephanie Meagher Stephanie Meagher Stephanie Meagher Stephanie Meagher Stephanie Meagher Stephanie Meagher Stephanie Meagher Stephanie Meagher Stephanie Meagher Stephanie Meagher Stephanie Meagher Stephanie Meagher Stephanie Meagher RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT RESEARCH ASSISTANT Heide Martin Heide Martin Heide Martin Heide Martin Heide Martin Heide Martin Heide Martin Heide Martin Heide Martin Heide Martin Heide Martin Heide Martin Heide Martin CREATIVE DIRECTOR CREATIVE DIRECTOR CREATIVE DIRECTOR CREATIVE DIRECTOR CREATIVE DIRECTOR CREATIVE DIRECTOR CREATIVE DIRECTOR CREATIVE DIRECTOR CREATIVE DIRECTOR CREATIVE DIRECTOR CREATIVE DIRECTOR CREATIVE DIRECTOR CREATIVE DIRECTOR CREATIVE DIRECTOR CREATIVE DIRECTOR CREATIVE DIRECTOR CREATIVE DIRECTOR CREATIVE DIRECTOR CREATIVE DIRECTOR CREATIVE DIRECTOR Jan Holder Jan Holder Jan Holder Jan Holder Jan Holder Jan Holder Jan Holder Jan Holder Jan Holder Jan Holder Jan Holder ASSOCIATE ASSOCIATE ASSOCIATE ASSOCIATE ASSOCIATE ASSOCIATE ASSOCIATE ASSOCIATE ASSOCIATE ASSOCIATE ASSOCIATE ASSOCIATE ART DIRECTOR ART DIRECTOR ART DIRECTOR ART DIRECTOR ART DIRECTOR ART DIRECTOR ART DIRECTOR ART DIRECTOR ART DIRECTOR ART DIRECTOR ART DIRECTOR ART DIRECTOR ART DIRECTOR ART DIRECTOR ART DIRECTOR Matt Selva Matt Selva Matt Selva Matt Selva Matt Selva Matt Selva Matt Selva Matt Selva Matt Selva Matt Selva Matt Selva A division of A division of A division of A division of A division of A division of A division of A division of A division of A division of A division of A division of A division of A division of A division of New England New England New England New England New England New England New England New England New England New England New England New England New England New England New England Business Business Business Business Business Business Business Business Business Business Business Business Media LLC Media LLC Media LLC Media LLC Media LLC Media LLC Media LLC Media LLC Media LLC Media LLC Media LLC Media LLC Media LLC C E O C E O C E O C E O C E O C E O Peter Stanton Peter Stanton Peter Stanton Peter Stanton Peter Stanton Peter Stanton Peter Stanton Peter Stanton Peter Stanton Peter Stanton Peter Stanton Peter Stanton Peter Stanton PRESIDENT, PRESIDENT, PRESIDENT, PRESIDENT, PRESIDENT, PRESIDENT, PRESIDENT, PRESIDENT, PRESIDENT, PRESIDENT, PRESIDENT, PRESIDENT, GROUP PUBLISHER GROUP PUBLISHER GROUP PUBLISHER GROUP PUBLISHER GROUP PUBLISHER GROUP PUBLISHER GROUP PUBLISHER GROUP PUBLISHER GROUP PUBLISHER GROUP PUBLISHER GROUP PUBLISHER GROUP PUBLISHER GROUP PUBLISHER GROUP PUBLISHER GROUP PUBLISHER GROUP PUBLISHER GROUP PUBLISHER GROUP PUBLISHER Joe Zwiebel Joe Zwiebel Joe Zwiebel Joe Zwiebel Joe Zwiebel Joe Zwiebel Joe Zwiebel Joe Zwiebel Joe Zwiebel Joe Zwiebel Joe Zwiebel C F O C F O C F O C F O C F O C F O Mary Rogers Mary Rogers Mary Rogers Mary Rogers Mary Rogers Mary Rogers Mary Rogers Mary Rogers Mary Rogers Mary Rogers Mary Rogers Mary Rogers Mary Rogers C O N T E N T S 14 1 Taking advantage of low rates Colby looks to bonds to finance growth Whose power is it? Southern New England's need for clean energy spurs wind farm development — and opposition — in Maine Innovators, want money? Scale up Startups need to more quickly become mid- sized companies 26 B A N K I N G & F I N A N C E F O C U S 30 Largest Maine- based banks 32 Inside the Notebook The foibles of new technology 29 How to work with your commercial lender to grow your business 1 26 Douglas Terp, vice president for administration at Colby College, left, and Colby President David Greene. Bob Martin, managing partner at Strategic Equity Partners LLC P H O T O S / T I M G R E E N WAY For more information, visit efficiencymaine.com (some restrictions apply) 866-376-2463 Your business may be eligible for up to $12,500 in incentives for high-efficiency heating equipment. Spring is the perfect season to evaluate your heating system

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