Mainebiz

V O L . X X I I I N O. X V J U LY 1 0 , 2 0 1 7 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 expand exposure and availability of the new and used boat inventory of Yarmouth Boat Yard and Moose Landing Marina, according to Maine Built Boats' latest newsletter. "It's a win-win situation," Steve Arnold, owner of Yarmouth Boat Yard and Moose Landing Marina, said. "Our partnership with Yachting Solutions will provide greater visibility of our sales inventory and will help us better meet the growing sales demands in the mid-coast Maine's area." Bill Morong, owner of Yachting Solutions, added: " is partnership will make it easier for us to supply interested buyers with boat off erings that fi t their needs." 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 Island Institute in Rockland awarded a total of $55,300 in scholar- ships to 71 island students pursuing post-secondary education at colleges, universities and technical schools across the U.S. and Canada. The scholarships were made possible by the Island Education Fund. OUT Maine, a rural LGBTQ youth sup- port organization in Rockland, received a $10,000 grant from the Cummings Fund and the Lawrence P. Ralston Fund as part of Maine Community Foundation's Regional Grant Initiative. The funding will bring more training and support to under-resourced rural schools to provide safe spaces for LGBTQ youth, particularly transgender youth in elementary schools. Camden National Corp. announced that its board of directors declared a dividend of 23 cents a share payable on July 31 for shareholders of record on July 17. Downeast Salmon Federation in East Machias announced the formal launch of a $2.2 million fundraising effort to restore wild Atlantic salmon to Maine's Downeast rivers. Bangor Savings Bank reports record earnings Bangor Savings Bank reported a record net income of nearly $25 million for the 2017 fi scal year that ended March 31, an increase of 8.42% over last year. President and CEO Bob Montgomery-Rice made the announcement at the company's annual meeting in Bangor. Its pres- ence in southern Maine continued to grow, with branches opening in downtown Brunswick and on Marginal Way in Portland, increas- ing the number of branch locations in York and Cumberland counties to 16. e bank also added a second branch in Augusta on Community Drive and now has 54 locations throughout Maine. Bangor Savings Bank is the No. 1 mortgage lender in Maine, providing $370.7 million in home loans. Aroostook Beef gets into retail to expand reach e owners of the Aroostook Beef Co. in New Canada will open a retail operation in Fort Kent to expand its customer base. e Bangor Daily News reported that Erin Parisien and Richard Nielsen raise prime black angus cattle and have been selling meat directly to customers from their home and at local farm- ers markets. Parisien told the BDN that opening a store was a bit of a risk, but the popularity of local food would make it worthwhile. e meat will be more expensive than that found in a chain supermarket. "It's been a bit of a struggle to get people to realize local beef is going to be superior to what they get at a grocery store with commercial beef, but they are beginning to fi gure that out," Parisien said. N O T E W O R T H Y N O R T H E R N & E A S T E R N Husson University in Bangor an- nounced that its College of Business will be offering new associate and bachelor's degrees in integrated technology starting this fall. Degree concentrations in computer informa- tion systems, software development and website design and develop- ment will be available to those pursuing a Bachelor of Science in Integrated Technology. Pioneer Broadband in Houlton announced that it was hired by Downeast Economic Development Corp. to create an open-access dark fi ber optic network design to serve the city of Calais and the town of Baileyville. The intent is to make fi ber optic service available to each home or business in both communities. Don't underestimate the impact a properly designed, installed and maintained mechanical system can have on your people and processes. Enjoy longer leases, happier tenants, more productive employees and consistent products. It's worth the investment in the long run. To learn more call 207.883.1473 or email info@aaaenergy.com AAAENERGY.COM HEATING AIR CONDITIONING REFRIGERATION MAINTENANCE DESIGN/BUILD AUBURN, NH 603.626.4884 PITTSFIELD, ME 207.487.3706 SCARBOROUGH, ME 207.883.1473 Proper Maintenance Extends Equipment Life " If you're building a business, Katahdin Trust is a good building partner." Building a house takes a smart plan and a solid foundation. Building a business takes the same thing and Katahdin Trust has helped us every step of the way. We're a general contractor so we work in a fast-paced environment where deadlines and quick decisions are important. They've been very helpful and we enjoy working with them. If you're building a business, Katahdin Trust is a good building partner. Floyd Brown, Jr. Owner, Floyd J. Brown, Jr. Construction Company, Inc. Windham, ME To find one of our banking locations, visit www.KatahdinTrust.com 1-800-221-2542 N O R T H E R N & E A S T E R N

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