From the Editor: Investment dollars are fueling change
Investors in Maine are looking beyond financial returns to make an impact.
As Renee Cordes reports in our cover story, a cadre of female entrepreneurs and investors is fueling growth in startups and other businesses. See “Fighting for equity,” which starts on Page 18.
When Arctaris Impact Fund LP bought Saddleback Mountain in 2020, the Boston-based investment firm had a vision not only to upgrade and reopen the Rangeley ski resort, but to do so in a way that helps solve for the community and economic development challenges in the region. This and other so-called impact investments are becoming more common in Maine. Laurie Schreiber has more in “Doing well by doing good,” which starts on Page 22.
Right-handed pitcher Michael MacDonald spent nine seasons in minor league baseball and played for a dozen teams, including the Portland Sea Dogs. In a conversation with Mainebiz, he described himself as an efficient pitcher, looking to do his job. He now joins Bangor Savings Bank in the mortgage department. This and other banking news can be found in the “Financial services roundup,” on Page 28.
Francine Cram, an executive at Machias Savings Bank, offers advice on how to manage your company’s finances during a time of growth. See “How to” on Page 32.
A list of the largest Maine-based credit unions is on Page 36.
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