Mainebiz

W W W. M A I N E B I Z . B I Z 9 JA N UA R Y 2 2 , 2 0 1 8 $3 million for 20 years as long as it invested $200 million in BIW's shipbuilding facilities. e Times Record reported that, accord- ing to Maine Revenue Services, "as of 2016, BIW had invested $480,736,639 since the credit went into eff ect." Portland startup accelerator lands $475K grant Venture Hall, a Portland startup accelerator, is one of six recipi- ents nationwide to receive funding from the Ewing Marion Kauff man Foundation in a new initiative that's intended to remove policy barriers hampering new business creation. Jess Knox, president of Venture Hall, told Mainebiz that his orga- nization will receive $475,000 in a three-year grant that was awarded through a competitive invitation- only RFP process. Knox said the funding will be used to build on existing programs for Maine entre- preneurs and startups, with a par- ticular focus on public policy. N O T E W O R T H Y S O U T H E R N Bigelow Investment Advisors in Portland announced it is team- ing up with Wind River Capital Management, an investment advi- sory fi rm with offi ces in Brunswick and Ellsworth. The combined orga- nization will be known as Bigelow Investment Advisors. The combined company will manage approximately $300 million in client assets. OTT Communications, a telecom- munications provider and division of Otelco Inc. in New Gloucester, changed its name to Otelco. Sierra Club Maine Chapter, an envi- ronmental organization in Portland, announced that Glen Brand resigned as chapter director to join a na- tional solar advocacy organization in Washington, D.C. Crescendo Consulting Group LLC in Portland was hired to conduct an 18-month Community Mental Health Needs Assessment to assist two Missouri counties, Springfi eld and Greene, in understanding how mental health and substance abuse affect over a quarter-million people in the region. Zildjian Cymbals moving jobs to its factory in Newport Avendis Zildjian Co. of Massachusetts has purchased the Illinois-based Mike Balter Mallet Co. and will move its production into the Newport factory of Vic Firth Co., another Zildjian-owned company. e Bangor Daily News reported the acquisition will create 14 jobs at Vic Firth's factory in Newport. Zildjian has been making cymbals since it was established in Constantinople in 1623. e company moved to Massachusetts in 1929. Vic Firth Co. started in 1963 as a wood-turning company that also made pepper mills and rolling pins. In 2010, it merged with the Avedis Zildjian Co., the world's leading cymbal manufacturer, which had a longstanding profes- sional relationship with Vic Firth. Belgrade conveyor business acquired PRC Industrial Supply has acquired ACE Conveyor Services of Belgrade, including assets and its three-person staff . Kevin Easler, vice president and general manager of Portland-based PRC said the deal, which is eff ec- tive immediately, came after several months of negotiation and "it was mutual respect that made this deal possible." ACE's three employees, including president and founder Tom Hudson, will operate out of the PRC Portland site, and ACE's Oakland Road location in Belgrade will be used for storage, Easler said. Hudson said that he built his company over 20 years. PRC Industrial Supply also has locations in Bangor and Burlington, Mass., and specializes in conveyor belt, industrial hose and fl uid power components sales and service. It was established in 1895 as Portland Rubber Co. It's a wholly owned subsidiary of Singer Equities and SBP Holdings, headquartered in Houston. N O T E W O R T H Y C E N T R A L & W E S T E R N Krispy Kreme opened at 410 Center St. in Auburn. Main Street Skowhegan received a tourism enterprise grant for $9,500 from the Maine Offi ce of Tourism to promote the 2018 Maine Moose Permit Lottery and Skowhegan Moose Festival. c a l l t h e d o w b r o t h e r s f o r a p o r t f o l i o r e v i e w, t o d ay. d o w c m . c o m Securities offered through Bolton Global Capital, Inc., 579 Main St., Bolton, MA. Member FINRA, SIPC 978-779-5361. Advisory services offered through Bolton Global Asset Management, a SEC registered investment advisor. DWC/DW30027 Portfolio Manager (207) 878-1573 The power of brothers to make things happen. Mike Dow, MBA Portfolio Manager (207) 878-1574 Bill Dow, CFP For information call Susan M. Gallant at (207) 415-0084 (207) 415-0084 versity Immersion Let's build the road forward by walking it. Current methods not delivering the results you want ? Economic ecosystems thrive when everybody belongs. Economic ecosystems thrive when everybody belongs. There's not a roadmap on how you change entrenched There's not a roadmap on how you change entrenched cultures and systems. But there is a path and a direction. cultures and systems. But there is a path and a direction. We develop leaders to be more effective We develop leaders to be more effective change agents in this complex and uncertain change agents in this complex and uncertain environment. Learn how to accelerate and environment. Learn how to accelerate and sustain change within your organization. sustain change within your organization. Register today for the March Diversity Immersion multiday program. March dates, Portland, Maine: 7, 8, 9 + 15, 16 + 28, 29 www.diversity-i.com C E N T R A L & W E S T E R N

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