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Independent minded : Maine\u27s insurance companies take on growth, challenges
No full textInsurers in Maine are growing their teams through acquisitions and training opportunities, while addressing needs for updated coverage to address climate change and cybersecurity challenges. Article features Cross Insurance, United Insurance, and MMG Insurance
Peaks Island Star : June 2025, Vol. 45, Issue 6
Full text linkThe Peaks Island Star is the newsletter of the island\u27s service agencies and other community news.https://digitalcommons.portlandlibrary.com/peaks_pisn_2025/1005/thumbnail.jp
Baby, it\u27s cold inside : $56M waterfront facility is poised to turn Portland into regional logistics hub
No full textMore than a decade in the making, the Maine International Cold Storage Facility (20 West Commercial Street) marks a new chapter for Portland and Maine- just as the U.S. cold storage is taking off. In 2017, researchers at the University of Southern Maine estimated the longterm economic impact of a cold storage warehouse at up to $900 million
Going with the flow : a Portland company replaces diesel with hydro-kinetic energy to power remote communities
No full textA Portland-based company whose technology generates power from water movement has had success with a system in remote Alaska and is now getting interest from around the globe. ORPC (Ocean Renewable Power Company) used RivGen technology to extract energy from river flow, lessening diesel dependence, and lowering carbon emissions, noise, and environmental risk. Additional commercial projects are in the planning
The Madison money trail : how TimberHP got into financial trouble- and how it aims to get out
No full textThe 2016 closure of Madison Paper Industries marked the end of an era for the Kennebec River town of 4,800 which had been home to a paper mill since 1899. It was Maine\u27s fifth major paper mill to close in three years, leaving 214 people jobless and an empty 600,000-square-foot factory. Two years later, Joshua Henry and Matthew O\u27Malia bought the building, creating TimberHP, with the goal of manufacturing wood fiber insulation- an environmentally friendly material used for 20 years in Europe where the market has grown close to $800 million. Among their early clients was the College of the Atlantic
Business transitions : when buying companies, new owners seek to honor legacies while eying the future
No full textBusiness transactions range from generational succession to local investors to buyers looking to change careers. A theme? How to maintain legacy brands while revamping with new ideas and growth potential.
The sales of two notable Maine furniture firms illustrate the opportunities and the challenges: the Thomas Moser company, and Chilton Furniture
Trouble in toyland : trade tensions, rising costs threaten to upend small toy businesses in Maine
No full textWith 80% of all U.S. toys manufactured in China, tariffs are pushing up prices. Mattel Inc., the global toy producer, is also feeling the heat. Maine toy merchants grappling with cost increases and supply-chain bottlenecks are responding in different ways. While some are raising retail prices, others are getting a jump start on orders before tariffs kick in, shifting their business models
How to build an age-inclusive culture
No full textMaine is the eldest state, by median age in the U.S., and the impact of our aging population is rippling through our workforce, our caregiving infrastructure, and our economy.
Article also describes how workplaces can support the caregivers in their ranks, and become conduits for supportive resources
A family business leader breaks the glass ceiling
No full textAfter getting an early start in the family business as a child, helping her father, Soo Parkhurst is now president and CEO of Augusta-based O&P Glass. In 2013, she returned full-time as part-owner and office manager. Within weeks, she had to jump into the role of manager of the residential division after a salesperson fell ill. Parkhurst recalls, I had no idea what I was doing. I just focused on one piece of paper at a time, and dealt with each individual problem. I learned the value of taking action quickly, rather than freezing in fear and anxiety. Under her leadership, company revenue grew by 24% last year, to $8.3 million
A leader who helps build Maine\u27s construction workforce
No full textDuring three years as executive director of Associated General Contractors of Maine, Kelly Flagg is credited for transforming the organization. Her most significant achievement was establishing the Maine Construction Academy, to develop skilled workers and provide career paths to stable, middle-class employment- particularly benefiting underserved populations. She has positioned the organization at the forefront of legislative activities affecting the construction industry, navigating complex political landscapes while building consensus among diverse stakeholders