Mainebiz

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 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 N O T E W O R T H Y S O U T H E R N Bank of America donated $45,000 to Portland Adult Education to sup- port classes for new Mainers seeking their fi rst job in the U.S. The dona- tion, $15,000 per year over three years, will support Job Class A of the New Mainers Resource Center. Morgan Stanley announced the formation of the Prichard Weston Group, led by Lance Prichard, senior investment management consultant and fi nancial advisor, and Tammy Weston, fi nancial advisor, in the fi rm's Wealth Management offi ce in Portland. The group's mission is to guide successful women in transition. The Knight Canney Group in Portland, led by political and public relations veterans Felicia Knight and Crystal Canney, served as the strategic communications partner for two of the four successful referen- dum questions on the Maine ballot. Question 2 will adequately fund Maine's public schools and Question 5 will establish Ranked Choice Voting in Maine. Carlisle Academy, an integrative rid- ing school in Lyman, has partnered with the University of New England to introduce future occupational, physical and speech therapists to equine therapy. The course presents the fundamentals of hippotherapy, which was developed in therapists in Germany and introduced to the U.S. in the 1980s. Maine Limousine Service in South Portland acquired Lilley's Limousine in Scarborough. Islandport Press in Yarmouth launched Islandport Magazine, a quarterly publi- cation devoted to stories from across Maine and New England. Town & Country Federal Credit Union in Scarborough announced a total of $25,000 was awarded to its 2016 Better Neighbor Fund grant winners. In the charitable organizations with operating budgets under $500,000 recipients included: Greater Portland Family Promise, Team Kyle, The Locker Project and A House for ME. Awardees in the charitable organiza- tions with operating budgets over $500,000 were: Frannie Peabody Center, Animal Refuge League of Greater Portland, Youth and Family Outreach and Day One. The National League of Cities and the Wells Fargo Foundation announced that the city of Portland was selected to participate in the Leadership in Community Resilience Program. The program will provide the city with $10,000 in direct fi nancial support, as well as technical assistance and pro- fessional development opportunities to help local offi cials, city staff and community partners to share ideas and best practices that advance local resilience efforts. Verso Paper restructures mill network In a continuing eff ort to trim costs, Verso Corp., the Memphis, Tenn.- based owner of the Jay paper mill, is consolidating its administrative offi ces and reorganizing its seven mill network into two divisions, the company announced Nov. 17. As a result of the reorganization, the Portland Press Herald reported that the papermaking divisions will be divided into one for graphic paper and another for specialty paper. Kathie Rowzie, spokeswoman for the company, told the Press Herald that Verso's Androscoggin Mill in Jay will be managed under the specialty paper division. e market for specialty paper continues to grow as the demand for coated and uncoated paper declines. Verso said in early November it would tempo- rarily idle the Androscoggin Mill's No. 3 paper machine, which would reduce its annual coated paper pro- duction by 200,000 tons and lead to the layoff of about 190 of the mill's 575 employees. New Balance tries to sidestep controversy New Balance, which has three fac- tories in Maine, continued to defend itself after a wave of criticism, the Washington Post reported. After praising President-elect Donald Trump for his promise to repeal the Trans-Pacifi c Partnership, the company dealt with a social media backlash and people posting videos burning their New Balance sneakers. A white-supremacist group declared New Balance the "offi cial shoes of white people." New Balance told e Associated Press Nov. 14 it ''does not They dig in and get to know us and the product that we offer." At Twin Pine Camps and the New England Outdoor Center, we run a variety of outdoor recreational activities, a restaurant, and lodging on the side of Millinocket Lake. We have our irons in a lot of different fires and one of the things I really enjoy about banking with Katahdin Trust is the enthusiasm with which they dig in and get to know us and the product that we offer. " Matt Polstein Owner, New England Outdoor Center | Millinocket, ME www.KatahdinTrust.com 1-800-221-2542 C E N T R A L & W E S T E R N

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