Cumberland

Passion is what many family farms are about, especially those that have done business over the course of generations. And that love appears to be sustaining Maine's farms in the face of modern challenges.

Mark McClure, a Miami developer who grew up in Cape Elizabeth, has closed on a $24 million loan for the ongoing construction of his high-end, 45-unit condominium complex in Cumberland Foreside. Financing came through a new program in Maine, C-PACE.

Before joining Maine State Credit Union, Nicole Hotchkin was a vice president and senior retail loan officer for Camden National Bank at its Belfast branch.

The investment is recovered through savings on the consumers’ energy bills. The program “provides a very attractive pathway for businesses to finance energy improvements,” said the leader of Efficiency Maine.

Photographer Jim Neuger, a frequent Mainebiz contributor, offers his take on Maine sports, from the Double-A Sea Dogs to the G League's Maine Celtics to harness racing.

Lucy Ditzel brings 12 years of experience in human resources and training and development to the position.

Huqiu Zhang has worked with Coca-Cola and GE Plastics, among other multinational corporations, and has earned international regard in the field of regulatory compliance for consumer product safety and food packaging.

Construction on the Atlantic Federal Credit Union branch began in October 2021, but the company faced many challenges due to supply chain issues. “It has been an odyssey, but well worth the effort," said Scott Chretien, president and CEO.

High interest rates have caused residential sales to come “to a screeching halt,” said Mark McClure, managing partner of GenX Capital Partners, which is “buying down” interest rates for the first two years for the first 10 buyers at the Mark at Cumberland Foreside.

The Mark, as it will be known, is expected to be an $21.5 million investment. DeStefano & Associates, which is based in Portsmouth, N.H., is the general contractor, while Shinberg Consulting of Portland is the project manager.