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W W W. M A I N E B I Z . B I Z 29 S E P T E M B E R 5 , 2 0 1 6 S TA R T U P S & E N T R E P R E N E U R S H I P F O C U S smaller cities, with universities, economic development entities and in rural areas, and has a track record raising money for enterprises similar to MCED. Now, after nine years in Arizona, Rainey says he and his family were ready to come back east, closer to rela- tives in Vermont and in Quebec, from where his wife hails. "He's going to fi t in so well," says Renault. "He's done this before. He has lots of experience raising money." e MCED board talked to fi ve candidates by phone before bringing two to Portland, says Renault, adding that about half of MCED's board was involved in the search process and the vote for Rainey was unanimous. "Everyone who met Tom remarked on his 'quiet charisma,'" says Renault. " at was a trait we all appreciated. He's confi dent, but in a quiet way." When the search committee rec- ommended him to the 13-member MCED board, she says, it mentioned comments others had made about Rainey: he has a strategic view of the ecosystem, he is confi dent and cred- ible, he has a powerful success record with organizations like ours, he has a good balance between strategy and execution, he would build a balanced team and he has great charisma and well knows the challenge of building a community. Rainey will get on the ground by familiarizing himself with the pro- grams and people in place at MCED, as well as other entrepreneurial orga- nizations in the state. "We want to give him the most degree of freedom," says Renault. "It's a great opportunity to take a deep breath and assess where you are." Spreading the load via diversifi cation Renault says it's clear that MCED needs to diversify its funding sources. Even though it is a nonprofi t that has to apply for grants from the state, it does benefi t Financial Services at a Level That Will Suprise You Two City Center, Portland ME 207-558-6220 Providing wealth management and nancial services for nonprots. portlandtrust.com C M Y CM MY CY CMY K AND THE HIGHEST ETHICAL STANDARDS. Ask high-net-worth investors why they work with investment managers with the CFA ® designation and they'll tell you that those letters represent a proven understanding of investment management, commitment to ethics, and always putting clients' interests first. Which means they can be relied on to stay true to an investor's financial goals. Because, for our charterholders and their clients, those three letters are making a real difference every day. I OFFER MY CLIENTS UNPARALLELED SERVICE Caroline Connell, CFA © 2016 CFA Institute. All rights reserved. #CFAdifference CFAsociety.org/maine C O N T I N U E D O N F O L L OW I N G PA G E » He's going to fit in so He's going to fit in so He's going to fit in so He's going to fit in so He's going to fit in so He's going to fit in so He's going to fit in so He's going to fit in so He's going to fit in so He's going to fit in so He's going to fit in so He's going to fit in so He's going to fit in so He's going to fit in so well. He's done this well. He's done this well. He's done this well. He's done this well. He's done this well. He's done this well. He's done this well. He's done this well. He's done this well. He's done this well. He's done this well. He's done this well. He's done this before. He has lots of experience raising money. — Catherine Renault, MCED board member

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