Issue link: https://nebusinessmedia.uberflip.com/i/851392
V O L . X X I I I N O. X V I I J U LY 2 4 , 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 N O T E W O R T H Y C E N T R A L & W E S T E R N Elmet Technologies, a producer of engineered molybdenum and tungsten products in Lewiston, announced it completed Phase II of its manage- ment buyout by refi nancing the as- sets of the business. The refi nanc- ing, done in partnership with Anania & Associates Investment Co. in Windham, was accomplished with help from MidCap Business Credit and Wells Fargo and will allow the 88 year-old company to make additional investments, furthering its commit- ment to its global customer base. The Maine Innkeepers Association in Augusta said its annual "Hospitality for Habitat" fundraiser for Habitat for Humanity raised more than $23,000. Northeast Bancorp, a fi nancial servic- es company and parent of Northeast Bank in Lewiston, announced it was added to the broad-market Russell 3000 Index as a result of the Russell U.S. indexes annual reconstitution. The annual reconstitution of the in- dex captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. Hallowell City Council said that Matt Morrill, principal of Mastway Development LLC, offered to provide land for the construction of a new fi re station as a gift. The fi re station build- ing will be paid for by a gift from an anonymous donor. Blue Marble Geographics, a geospa- tial software developer in Hallowell, an- nounced that the U.S. Army Corps of Engineers added Global Mapper and the accompanying LiDAR Module to its list of approved software tools, mak- ing the application accessible to all of USACE civilian and military staff. Microsoft pilots internet access project in rural Maine Rural Maine will benefi t from a Microsoft Corp.'s pilot proj- ect, in partnership with Axiom Technologies in Machias, to tap into unused television frequencies, 207.989.4824 When the bases are loaded and you need a home run… Our team of professionals delivers. Sensible Solu ons. "FAME's support of the Brick South project was decisive in completing the complex financing package that enabled us to turn this historic 35,000-square-foot former engine repair shop into Portland's most dynamic new event venue. FAME's lenders rolled up their sleeves and worked with us as partners. Their combination of vision and steadfastness helped make the project a reality." Chris Thompson & Jed Troubh Thompson's Point Development Co. Helping Maine Businesses Succeed since 1983 Best Places to Work in Maine 2015, 2016 1-800-228-3734 • FAMEmaine.com M I D C O A S T & D O W N E A S T