Eastern Maine Development Corporation (EMDC), honored 7 organizations that have supported EMDC's mission to promote economic growth in Eastern Maine during its Annual Meeting of the Board of Directors and Corporators today.
Representing a variety of sectors, the 2013 EMDC Champion Awards provide recognition to businesses that have partnered with and/or supported EMDC's efforts to promote business, community and workforce development.
The 2013 EMDC Champions are: Bangor Savings Bank--for their partnership in the SBA 7(a) Community Advantage Lending program. EMDC loaned nearly $4 million dollars to 28 businesses in 2013. Those loans resulted in business growth, economic success and the creation or retention of at least 95 jobs in Maine. It's with the support of partners like Bangor Savings Bank that EMDC is able to provide financing for the region's small businesses.
City of Bangor Health and Community Services--for its collaboration to ensure that economic development organizations are included in discussions concerning creating healthy, sustainable and desirable communities.
Eaton Peabody--From providing leadership to Mobilize Eastern Maine, serving on the Brownfields Advisory group and countless time and talent given to numerous initiatives, the attorneys at Eaton Peabody have been extremely generous in their support of EMDC and our region.
Zone Radio/The Pulse AM 620--The Pulse Morning Show has provided an avenue for EMDC's small business clients to share their stories of success. Often these include the business's partnership with EMDC, but they also provide an opportunity for the business to promote itself. Helping businesses succeed, helps our region. We're grateful to The Pulse for helping us tell the story of the fantastic businesses right here in Eastern Maine.
Eastern Maine Community College, United Technology Center, Bangor Adult Education--We recognize these organizations collectively because it was their collaboration and determination, as a group, that made EMDC's Pathways Project such a success. Without the support of these educational institutions we would not have been able to build affordable homes for so many residents while teaching others the job skills needed to find jobs in the construction industry. Education and employment are keys to economic growth. These three organizations not only embrace that philosophy, they implement it every day.
EMDC Names Board of Directors for 2014
Eastern Maine Development Corporation is pleased to announce its Board of Directors and Officers slate for 2014.
Mark Woodward, Chair Micki Sumpter, Vice Chair Daniel Tremble, Clerk Dave Milan, Treasurer Tom Lizotte, Past Chair Dennis Damon James Gilway Julie Green Susan Hammond Ralph Harvey Gail Kelly Brian Langley John Moore Chuck Rohn Jane Searles Erik Stumpfel Cary Weston Garrett Wilkin
The County Commissioners from each county EMDC serves will name representatives at a later date. Those representatives will also serve on the Board of Directors.
Stumpfel and Weston begin their terms in January.
Orion Ropeworks, Inc.
EMDC works with hundreds of businesses in Eastern Maine and across our state. Our business, lending and workforce clients come from a wide range of industries and represent businesses of all sizes. In the Business Spotlight, EMDC Essentials shares their stories of success.
Winslow's Orion Ropeworks, Inc., is North America's premier rope manufacturer, utilizing specialized rope making expertise developed during the past 150 years. The company is known for its 900 rope formulas that have all been tested inside a laboratory for "yield, tenacity, abrasion resistance, UV stability, elongation and firmness of lay." Staff works closely with customers to meet the needs and requests to ensure success with using Orion Ropeworks products.
A Maine PTAC client since 2003, the company recently faced two issues that made a tremendous difference in Orion's bid process.
First, a technical issue between the System for Award Management and an online military bid systems (DIBBS) was causing inaccurate information to be entered into the bidding system--an error that could have resulted in a lost contract award. Working with PTAC staff, the issue was resolved and an initial contract award was made.
The second hurdle involved the Buy American Act and a contracting officer's interpretation of what constitutes a domestic end product. Working with PTAC staff, and the Maine International Trade Center, Orion was able to bid several projects at a much lower cost than if the contracting officer not been provided with the additional information.
Company owner Diane Saucier, continues to work closely with Maine PTAC and describes her experience a great one, "We appreciate all the help that Maine PTAC staff has given us throughout this process. They have been awesome!"
Are you a Maine student with a great idea for a business or nonprofit? Would $5,000 help you get that idea off the ground? Between now and January 1, 2014 all you need to do is send in your letter of intent to compete in the UMaine Business Challnege.
Introducing a new Innovation Engineering (IE) Workshop Series, a set or preparatory classes that offer an overview of the IE system. You will learn to accelerate ideas for new or improved products, services, and processes. We will teach you how to increase innovation speed and decrease risk as you take what you've learned and apply it to your company or organization.
These workshops will be taking place across the state and scholarships are available through Blackstone Accelerates Growth.
Record Keeping For Profit: Part I and IISponsored/Presented by:University of Maine Cooperative Extension
Financial records are an important management tool for the business owner. These three-hour, hands-on workshops are designed to help small and home-based business owners learn the basic principles of single entry record keeping and how to apply these principles to the day-to-day operation of their businesses.
Workshop participants will explore the components of a successful record keeping system, identify and learn about key business records and types of expenses, and learn how to record revenue and expense items.