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V O L . X X I I N O. X X V I I N OV E M B E R 2 8 , 2 0 1 6 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 tolerate bigotry or hate in any form."' Boston-based New Balance has fac- tories in Norridgewock, Skowhegan and Norway. Portland chef to open restaurant at Sunday River Chef Harding Lee Smith, owner of Boone's Fish House and three other Portland restaurants, will open a restaurant at Sunday River, the Bangor Daily News reported. e Mountain Room is scheduled to open Dec. 20 at Peak Lodge. e restaurant can be accessed by skis or the Chondola Lift, Kathleen Pierce of the BDN reported. "Smith has created a big city vibe in this alpine setting," she wrote. N O T E W O R T H Y C E N T R A L & W E S T E R N The Associated General Contractors of Maine in Augusta designed and launched a new multiple employer 401(k) plan called the AGC Maine Multiple Employer 401(k) Plan. The program will provide a retirement plan solution for its members while providing cost savings and less administrative issues for Maine con- struction companies. Androscoggin Bank's MainStreet Foundation announced that Preble Street Teen Center in Portland was named the 2016 recipient of its an- nual $25K for Kids grant. Coastal general stores face additional challenges General stores are disappearing throughout Maine, but those on the coast have a particularly high cost of doing business, the Working Waterfront reported. e rising cost of coastal property, combined with correspondingly higher taxes, is putting the squeeze on general stores, which typically operate on margins of 1% to 2%, Tom Groening reported in the story. A report com- missioned by the Island Institute in Rockland looked at three stores, including two in St. George owned by Linda Bean, granddaughter of L.L.Bean founder Leon Leonwood Bean, and another in St. George that closed in September. Damariscotta chamber director steps down Toni Crouch, the executive director of the Damariscotta Region Chamber of Commerce, will be retiring on Dec. 31. She joined the organization in August 2013. "I've been working since I was 16 years old and it's time to get to relax a little bit and have the time to be able to really enjoy this area, and I want to do it while I have a little energy left to get out and enjoy things," Crouch told e Lincoln County News. e search for Crouch's replacement is underway. Crouch was the only full- time employee of the chamber and oversaw its move from a side street in Damariscotta to a more visible location at 67 Main St. in Newcastle. Crouch also spearheaded several new initiatives for the chamber, including a widely distributed digital newslet- ter with news from both the chamber and the community, and the ear- lier publication and distribution of the organization's annual guide, the Lincoln County News reported. Northeast Harbor rejects cruise ships proposal After two hours of debate on Nov. 7 at a Northeast Harbor gymnasium, with input from about 120 people, the town's board of selectmen voted 5-0 against allowing American Cruise Lines to discharge passengers there next summer. According to the Bangor Daily News, retailer Erin Gray, owner of the Pine Tree Market, welcomed the prospect, saying when 200-pas- senger-ship Pearl Mist was in town in September her store had one-day revenue of $3,500, a big jump from the $2,000 average. Opponents wrote in a letter published in the Mount Desert Islander that the ships jeopardize the small-town feel of Northeast Harbor, adding that cruise ships are detrimen- tal to the local lobster fi shery. New England shrimp shery won't reopen in 2017 New England's shrimp fi shery, which is mostly based in Maine, will not reopen in 2017, the Atlantic States Marine Fisheries Commission said. Regulators cited the impact of warm- ing ocean temperatures on shrimp reproduction, the Associated Press reported. e fi shery has been closed since 2013. Going back to 1962, Maine's northern shrimp fi shery had its best year in 1996, when the catch was valued at $12.9 million, according to the Maine Department of Marine norwaysavingsbank.com C O M M E R C I A L L E N D I N G You have the plan. We have your back. With Norway Savings Bank, you'll find a business banking approach unlike anywhere else. Here, we're partners, working with you to realize your vision for success. But don't just take our word for it, give us a call today and see the difference our team can make for your business—1.888.725.2207. 1.888.725.2207. 1.888.725.2207 MEMBER FDIC C A S H M A N AG E M E N T H E A LT H S AV I N G S AC C O U N T S M I D C O A S T & D O W N E A S T

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