August 2014 - Northern Maine Development Commission
Transcription
August 2014 - Northern Maine Development Commission
Community Bridge: NMDC News www.nmdc.org Inside BFD News ACT News Summit Success Coop Purchase pg. 2 pg. 2 pg. 3 pg. 4 Business workshop set for Sept. 18 at NMDC in Caribou Northern Maine Development Commission’s Business Finance Division and Small Business Development Center will be presenting a workshop entitled “Understanding Your Business Financial Statements” Thursday, Sept. 18, at 9 a.m. in Caribou. This workshop will examine three important financial statements that are crucial to understanding how your business is performing, useful when making management decisions and when communicating with your accountant. During the training, the attendees will explore the Income Statement, The Balance Sheet and the Cash Flow Statement. Learning what each statement tells you about your business and what each does not tell you and why they must be considered as a whole to gain a complete picture of where your business stands. The workshop will be held at the NMDC boardroom in Caribou from 9 a.m. to about 11:30 a.m. Please pre-register with an RSVP to Mary Dahlgren 4988736 or m d a h l g r e n @ n m d c . org. August 22, 2014 Development Commission community/county dues assessment remains flat for 11 years CARIBOU — For the 11th consecutive year the Northern Maine Development Commission (NMDC) Community/County Dues Assessment has remained the same. The board approved the appointment of Gary Marquis to the Aroostook County Tourism Board and the Community Guided Planning and Zoning Committee. Marquis was selected to replace The NMDC Executive Board at its monthly meeting Kathy Mazzuchelli, the former Caribou Parks and Thursday, Aug. 14, approved the assessment for Recreation Superintendent, who recently retired. municipalities at $150,962, with $24,695 from Aroostook County and $585 from Washington County. “We understand there are some financial challenges and as NMDC has done for more than 10 years, we have elected to freeze the assessment,” said Bob Clark, NMDC Executive Director. Staff recognized for years of service Also at the August meeting, Larry Duchette of Portage Lake was appointed to the Executive Board. NMDC awarded SBA technical assistance funds CARIBOU — Current and potential Small Business Administration (SBA) Microloan borrowers at Northern Maine Development Commission (NMDC) have access to a wide range of services to help their business succeed thanks to nearly $78,000 in technical assistance funds awarded to the Business Finance Bob Clark, Executive Director of NMDC, presents a gift of appreciation to Julie Corey for her 20 years of service Division from the SBA. to NMDC. Below, Clark presents a rocking chair to Ken The SBA Microloan program offers small business Murchison for his 30 years at the Commission. Other staff loans up to $50,000 for a maximum of six years. The who reached milestones this year include Jay Kamm (20 current rate of NMDC’s microloans is fixed at years), Ruby Bradbury and Rod Thompson (25 years). 5 percent. These funds are for working capital, inventory, supplies, furniture, fixtures, machinery and equipment. The recently awarded technical assistance funds are used to assist both pre and post loan clients. “SBA feels that a strong technical assistance program will help ensure the success of microloan borrowers,” said Duane Walton, Director of Business Finance. Technical assistance may be offered in the form of individual counseling, classroom style training or See SBA continued on pg. 2 www.nmdc.org News from the NMDC Business Finance Division Loans closed thus far in August: Stacy Frost and Jessica Parady each received a $5,000 SBA Microloan for working capital. They will use these funds for a new partnership called Pathways Wellness Group, LLP, which they have formed with Carolyn Dorsey. This partnership has been established to provide an entity for referrals and to share the costs of office space and certain other expenses for each individual’s mental health counseling business. The business will be located on Main Street in Caribou. Frost is a licensed clinical social worker who has been in the industry since 1996. Parady is also a licensed clinical social worker who has been in the industry since 2005. They will provide mental health assessments, therapy, substance abuse treatment and DEEP Evaluations (Driver Education and Evaluation Program) to Aroostook County residents. This will be a client-centered practice to foster growth and change for individuals with mental health and substance abuse needs. Frost is also a licensed clinical social worker who has been in the industry since 1996. Parady is also a licensed clinical social worker who has been in the industry since 2005. Robert St. Peter and Juliane Perry d/b/a Ginger Care received a $4,000 loan for working capital. Ginger Care is a medical marijuana caregiver business. They are expanding to include a broader range of products and services: complementary plantbased therapies like herbal teas and fresh vegetables; teaching patients to produce their own medicine, reducing costs for patients and adding health benefits that come from gardening; SBA peer group training. It includes assistance in marketing, management, business counseling and training. Counseling can include giving advice, guidance or instruction specifically tailored to an individual or a group of individuals 2 and helping people become licensed, professional caregivers and skilled producers of high-quality medical marijuana products. They recently purchased property in New Sweden and will be using this property to grow some of their plants and herbs. Loans closed in July: Keith Boucher received a $45,900 SBA Microloan. This loan leveraged an additional $15,300 and assisted in creating one new job. Boucher used these funds to purchase a new truck and dump body trailer, which will be used to facilitate the start up of a construction/rehabilitation business. Crane Family Investments, Inc. received a $100,000 loan. This loan leveraged an additional $750,000 and assisted in retaining eight jobs. They have purchased Aroostook Milling Company located in Houlton since 1948. This business produces its own brand of livestock feed for cattle, sheep, poultry, goat, swine, deer and alpaca. They also operate a retail shop, which sells this feed, other feeds, dog and cat food, Harmon Stoves, wood pellets, coal and a variety of farm supplies. They also operate a greenhouse, which carries products for landscaping and gardening. MMB Boutot, LLC purchased Coffins General Store in Portage Lake by assuming the current $320,137 loan of Portage Agora, LLC. They also received an additional $50,000 loan for inventory and working capital. These funds assisted in retaining three jobs. Coffins General Store has been operating since the early 1900’s. It is the only store in the community. Cont. from pg. 1 associated with a single business. For more information on the SBA Microloan or other lending options at NMDC, contact the business finance division at 498-8736 or by email at dwalton@nmdc.org. NMDC’s Alain Ouellette poses with his daughter Sophie in front of the Aroostook County Tourism display at the Acadian Festival/World Acadian Congress. Sophie staffed the booth for ACT for two days handing out visitor guides and keychains. ACT will next display at the NH Grass Snowmobile Drags in October. Visitor guides out just in time for the World Acadian Congress AROOSTOOK COUNTY — Just in time for World Acadian Congress tourists to enjoy, the new Aroostook County Tourism (ACT) Visitors Guide is hot of the press and out for distribution in The County. Usually the tourism guides are printed in early October, but this year tourism officials moved up the timeline so the publication will be ready in advance of the big event. This is the third year of a three-year contract with Direct Display Publishing, based in Bath, to publish the guide. “The Visitor’s Guide contains information on all the wonderful things Aroostook County has to offer with topics including, but not limited to, cultural, historical, recreational, hunting, fishing, motorized and non-motorized activities, lodging, dining and events,” said Jon Gulliver, regional tourism developer for Northern Maine Development Commission (NMDC). “There is also some beautiful photography, courtesy of Paul Cyr and other talented photographers in the region.” The guide provides free general listings including the name, location, phone number and website of tourism related businesses. However, the guide also provides advertising opportunities for businesses who would like to capture the attention of a guide user who just might be flipping through the book. Guides are available at NMDC in Caribou and are being delivered to chambers of commerce, hospitality businesses and advertisers over the next few weeks. 3 www.nmdc.org APP “Education to Industry” Summit highlights internships and more PRESQUE ISLE — More than 60 educators, business people, economic development officials and workforce specialists gathered at the University of Maine at Presque Isle Campus Center Thursday, Aug. 7 to discuss outmigration and how to better connect students with emerging jobs. Aroostook Partnership for Progress President and CEO Bob Dorsey said the first summit last summer brought awareness about the growing need for skilled workers in Aroostook, especially in the 18- to 44-yearold demographic, and the second summit expanded on ongoing efforts and highlighted best practices. “The summit is part of a larger APP “Education to Industry” initiative, which looks to promote more job shadowing and/or internships to show middle, high school and college students there are good jobs available in the region with the right skills,” said Dorsey. The first hour of the morning long event highlighted some of the successes of the past year. April Flagg, executive director of the Aroostook Aspirations Initiative briefed the attendees on how the Initiative has evolved over the past 12 months and stressed the need to bond youngsters to the region in hopes of retaining them after graduation. Mark Wilcox of the Junior Achievement (JA) program in Aroostook said JA reached 846 students in the region, which marked substantial growth from the previous year. Wilcox added that the program has been expanded to the St. John Valley and Houlton areas and continues to grow. SAD #27 Superintendent Tim Doak shared some best practices from his district. “Everything we do in our schools should be to meet the demands of Maine’s workforce,” he said. “The most important assets in our schools are the students.” Doak’s speech segued nicely into a keynote address from former school superintendent and Maine Department of Education official Don Siviski. Currently an educational consultant, Siviski is also an advocate Participating in the APP Education to Industry Summit internship panel for reforms to the are, from left, Elizabeth Whittaker, MMG Insurance; Jacob Towle, TAMC; educational system, Christian Sleeper, Cary Medical Center; and Riley Parady, Katahdin Trust most notably Company. Moderating the panel was LEAD Executive Director Ryan Pelletier. the adoption of the future of our organization,” she said. proficiency-based standards. Katahdin Trust Company is looking at 15 “We need learner centric schools,” said percent of its workforce being of retirement Siviski. “You have to stop doing what doesn’t age in the next five years and 30 percent in the work to pay for what does work.” next decade. Siviski said the traditional model of “We got involved in internships and job education is changing to allow for the shadowing because of need,” said Freeman. different ways people learn and to create more After the employer panel, it was a chance for analytical thinkers and not students who can the interns, Jacob Towle, Elizabeth Whittaker, just regurgitate facts. Riley Parady and Christian Sleeper, to speak. Two elements from last year’s summit Just like last year, the majority of the interns remained. An employer panel on internships were not aware of the opportunities in and job recruitment, which featured Tim Aroostook County. Freeman from Daigle Oil Company, Barb “Without this internship I wouldn’t have Turner of The Aroostook Medical Center and been aware of this career path at Katahdin Bonnie Foster of Katahdin Trust Company. Trust, ” said Parady. “We need to do a better The same theme was echoed by the panel job of publicizing what is available. participants. Sleeper, an intern at Cary Medical Center, “We feel internships are very important for had advice for other young adults curious as to what the region has to offer. “Students need to take initiative,” he said. “Send out emails, network and work towards what you want. Towle is interning at TAMC and Whittaker at MMG Insurance. “I was very pleased with the additional educators who attended,” said Dorsey. “Clearly, we need education to be more participatory and need more programs like those in Fort Kent High School which mandates job shadowing and senior projects in order to graduate.” Upcoming Events Sept. 18 8 a.m. - 11:30 a.m. “Understanding Your Business Financial Statements” NMDC Caribou boardroom. Contact Mary Dahlgren, 498-8736. Sept. 25 10 a.m. - noon Aroostook County Tourism Board of Directors meeting. Location TBD. Contact Jon Gulliver, 498-8736, for more information. To receive this newsletter electronically, please send your email address to jgulliver@nmdc.org Coop salt buy saves municipalities thousands Northern Maine Development Commission recently completed its 2014-15 Road Salt Purchase. Forty-two (42) communities participated and estimated that they will purchase 13,320 tons during the 2014 -15 winter season. The winning vendor was Cargill Deicing Technologies at $73.45 per ton delivered. The only other bid came from Harcross Chemicals and was $97.36. It is estimated that the towns participating will save approximately $27,306 over the state price. the participating municipality or at a time mutually agreed to by the municipality and the vendor. Each participating municipality shall be responsible for payment. Participating municipalities are encouraged to contact Cargill as soon as possible to set up contact information and delivery locations. Requests for salt can be made directly to Cargil at 1-800-600-7258 or fax 1-440-716-0763. As in the past, salt must meet the latest specifications of the Maine Department of Transportation. And the vendor agrees that the bid price is fixed from August 15, 2014 to May 1, 2015. The vendor must deliver additional product within five (5) working days of being contacted (either by telephone, fax, email, or letter) by the participating municipality. A “working day” is Monday through Friday. Delivery is expected during the normal business hours of CHANGE SERVICE REQUESTED PO Box 779 Caribou, ME 04736 www.nmdc.org NON-PROFIT ORG. U.S. Postage PAID CARIBOU, ME PERMIT NO. 58