Mainebiz

May 16, 2016

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V O L . X X I I N O. X M AY 1 6 , 2 0 1 6 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 Maine will remain onboard, and that the purchase will allow the company also to off er natural gas in addition to electric- ity. An aggressive marketing campaign and off ering comparatively lower prices against other energy providers led to the company amassing over 150,000 cus- tomers within its fi rst year. Oxford Casino plans $25M expansion Casino developer Churchill Downs Inc. announced plans to build a hotel as part of a $25 million expansion at Oxford Casino. e hotel would add 100 guest rooms, expanded dining options, an expansion of the gaming fl oor and ban- quet-and-meeting space. It will be the second expansion Churchill Downs has initiated since buying the property in 2013. Expansion will create 60 full-time jobs and 1,000 construction jobs. Oxford Casino is the largest employer in the town of Oxford, with 400 employees. Construction is slated to begin in June and be completed by summer 2017. Frosty's Donuts opens store in Lisbon Falls Lisbon Falls is the sixth retail location of the Brunswick-based Frosty's Donuts, following a Friday opening at 700 Lisbon. St. in the town's downtown dis- trict. Frosty's co-owner Shelby Omdal told e Times Record that the newest location was a "perfect fi t" for the com- pany. "We're not a city business at all. We're more of a 'Main Street' business," Omdal told e Times Record. e town of Lisbon granted the company a loan to purchase the building and to fund construction and renovation. N O T E W O R T H Y C E N T R A L & W E S T E R N Evergreen Subaru in Auburn presented Boys & Girls Clubs of Southern Maine in Portland with $25,000 as part of and Subaru of America's Share the Love event held in late 2015. U.S. Cellular announced at $15,000 donation to the Boys & Girls Clubs of Greater Waterville for 2016 science, technology, engineering and math programming. Northeast Bancorp, the parent com- pany of Northeast Bank in Lewiston, reported net income of $1.8 million, or 19 cents per diluted common share, for the quarter ended March 31, com- pared to net income of $1.8 million, or 18 cents, for the quarter ended March 31, 2015. The bank also declared a cash dividend of a penny per share. Acadia added $248M to economy in '15 Acadia National Park's 2.81 million visi- tors contributed $248 million in direct visitor spending to the local economy in 2015, according to park offi cials. "Acadia attracts visitors from across the country and around the world who come here to experience its unparalleled scenery, extraordinary recreational opportunities and wonderful gateway communities," Acadia National Park Superintendent Kevin Schneider said in a press release reported by the Bangor Daily News. "Acadia is consistently one of America's 10 most-visited national parks, and we're looking forward to an even busier year as we celebrate Acadia's centen- nial [anniversary]." Visitor spend- ing supported 3,878 jobs on Mount Desert Island and nearby communities. Factoring in wages and other sources of revenue, Acadia brought a total contri- bution of $305 million to the area's econ- omy last year, according to the BDN. Bigelow Lab starts construction on 15,000-square-foot dorm Bigelow Laboratory for Ocean Sciences broke ground on a 15,000-square-foot, 32-bed residence building intended for students and scientists visiting the East Boothbay campus. e Harold Alfond Foundation provided $3.1 million toward the two-story dormitory. at sum was matched by an anonymous donor. A separate endowment has been estab- lished to cover maintenance and operat- ing costs of the new facility for 50 years. A partial green roof will help absorb rainwater, provide insulation and help create a "natural" look for the structure. A mixture of glass, natural wood, aluminum and preformed concrete construction materials will promote longevity and easy maintenance, while allowing the building to blend into the wooded acreage of the waterfront site. A 75-kilowatt array of photovoltaic cells will provide energy to meet all electricity needs of the residence, including heating and ventilation. Scott Simons Architects of Portland designed the building. e Portland offi ce of Consigli Construction Co. Inc. is provid- ing construction management services. 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 The U.S. Department of Transportation awarded an additional four-year con- tract to Cape Air to continue providing commercial air service from Boston to Now there's a solution that's good for the planet and great for your bottom line Optimize your building's efficiency on the go with a SmartStruxure solution and start saving on your energy costs Your job is complicated by the growing pressure to operate efficiently and reduce energy use to protect your building's financial future. Because you can't control what you don't measure, SmartStruxure ™ solution from Schneider Electric ™ simplifies your job by delivering actionable information when, where, and how you want it. Now you can optimize your energy consumption, maintain a comfortable and productive environment, and update ageing facilities — all while saving money on your energy costs. ©2016 Schneider Electric. All Rights Reserved. Schneider Electric and SmartStruxure are trademarks owned by Schneider Electric Industries SAS or its affiliated companies. All other trademarks are property of their respective owners • www.schneider-electric.com Real simple. Real smart. Real performance. > User-friendly system: Personalized user interface for anytime, anywhere access to your building systems. > A smart investment: A scalable system based on open protocols so you're ready for today and prepared for the future. > Optimized building performance: Maintain facility comfort and increase facility value by turning data into decisions. M I D C O A S T & D O W N E A S T

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