Mainebiz

April 17, 2017

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W W W. M A I N E B I Z . B I Z 9 A P R I L 1 7 , 2 0 1 7 Grain Surfboards in York recently launched an Indiegogo campaign to raise $200,000 towards the purchase and renovation of a new company headquarters. Chinburg Properties in Newmarket, N.H., announced that the Saco Mill No. 4 project recently welcomed its fi rst round of new residents as 52 of 150 apartments were occupied in phase 1 of the project. Phases 2 and 3 are scheduled to be completed and all apartments occupied in May and June. The second annual Veterans Count Radiothon hosted on Portland Radio Group's WGAN Newsradio raised $50,000 to support Maine's military families. Patriot Subaru in Saco said its "Share The Love" events raised $44,000 for Camp Sunshine and $27,000 for STRIVE. Maine Capital Mortgage in Portland offi cially changed its name to Approved Home Mortgage and welcomed back its former president, Brendan Hickey, to serve as senior loan offi cer. Androscoggin Bank launches online business-lending tool Androscoggin Bank aims to beat online-only lenders at their own game through a new business-lending platform that went live recently. So far, the Lewiston-based bank has pro- cessed half a dozen loan applications using the Fast Response Business Loans Platform. Executives expect momentum to grow as entrepreneurs take advantage of a quick turnaround time for getting loans approved and interest rates of 6%. at compares with charges ranging from 6.98% to 36% to, in one case, 98.4% from non-bank technology "disruptors," according to a 2016 U.S. Treasury Department report. Such disruptors include BondStreet, Funding Circle and OnDeck, which do not have banking charters and are not regu- lated by the FDIC. Androscoggin, founded in 1870, had assets of $902.2 million at the end of 2016. N O T E W O R T H Y C E N T R A L & W E S T E R N Don't Panic Consulting in Lewiston an- nounced Eden, an option to the world of Business Management Suites, which offers solutions to the manufacturing, distribution and service industries. The Maine GeoLibrary and Maine Offi ce of GIS selected Dewberry, a privately held professional services fi rm in Fairfax, Va., to provide an inde- pendent review of light detection-and- ranging systems, known as LIDAR, and its acquisition procedures, surveying data and fi nal deliverables for 8,743 square miles in eastern and central Maine. The data and related tools, which will be acquired and processed by Quantum Spatial, will be used by state and federal agencies in fl ood risk management, water resource plan- ning, mitigation of coastal erosion and storm surge impacts, identifi cation of landslide hazards and efforts to sup- port climate resilience. Collins Cakes and Bakes opened at 285 Main St. in Wilton. Horse and Rider Connection, a nonprofi t in Poland created to teens overcome life challenges through the healing power of horses, moved to North Whing Farm located at 19 Farm Road in Raymond. Rockland's largest employer part of DuPont acquisition FMC Corp., the owner of a Rockland seaweed processor, said the manu- facturing plant will be acquired by DuPont as part of a transaction involving FMC's health and nutrition business. e seaweed processing plant is Rockland's largest employer, with 107 employees, and largest taxpayer, according to the Rockland Courier Gazette. DuPont (NYSE:DD) said the acquisition of the FMC Health and Nutrition business is part of an agreement to divest a portion of its crop protection business in order to gain approval of its proposed merger with e Dow Chemical Co. from the European Commission. e merger with Dow is expected to close between in August. e plant has been owned by the Philadelphia based FMC (NYSE:FMC) since 1977. For more information, visit efficiencymaine.com or call 866-376-2463 Increase efficiency, boost productivity, and reduce operating costs with incentives available from Efficiency Maine. Efficiency Maine works with businesses of all sizes M I D C O A S T & D O W N E A S T C E N T R A L & W E S T E R N

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