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A settlement agreement between the boatbuilding firm Millennium Marine USA and the Washington County government includes auctioning off four boat molds used by the company.
The Quoddy Tides reported that the county purchased the molds for use by the company, with the help of $524,000 in U.S. Economic Development Agency grant funds. The molds will be auctioned for a minimum price of $15,000. If the molds don’t find a buyer, the settlement stipulates that Washington County will sell the remaining molds and equipment to Millennium for $2,000. Company owner Cory Guimond is required to pay the county a separate sum of $20,000 by Nov. 1, 2018.
Millennium, the county and the city of Eastport have been embroiled in counter lawsuits since 2016. Among its arguments, Millennium claimed it suffered losses due to defaults by the city and county. The city claimed Millennium owned overdue rent and additional money for repairs, removal of hazardous materials and personal property taxes.
Millennium, a third-generation family business that produced more than 600 boats over seven decades, moved from New Brunswick to Eastport in 2014 for a variety of reasons. In 2015, Guimond told Mainebiz that those reasons included being closer to the U.S. market, which represented about 75% of Millennium's market for fishing boats.
There was also potential for expansion into passenger and cargo boats, which were otherwise restricted by the Jones Act, which prohibits foreign-built vessels from engaging in coastal trade in U.S. waters. After searching as far as the Carolinas for the move, Guimond settled on Eastport for its deep water port and lack of harbor ice in the winter.
In addition, the city and county had already received a U.S. Economic Development Administration grant to renovate the 60,000-square foot Guilford Mill for use as a marine renewable energy manufacturing facility. A deal with another firm fell through and Guimond picked up on the opportunity.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
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