20 finalists selected for Family Business Awards

The Portland-based Institute for Family-Owned Businesses has announced the finalists for its 18th annual Maine Family Business Awards.

Each year, 20 finalists are chosen among “exemplary Maine firms that demonstrate excellence in family involvement, business success and commitment to employees, customers and community,” the institute said in a news release. This year’s finalists were chosen from 166 nominations and a record 52 semi-finalists.

The finalists are AC Inc. of Beals Island, Capozza Tile and Floor Covering Center of Portland, Cook’s Lobster and Ale House of Bailey Island, Custom Composite Technologies Inc. of Bath, Geaghan’s Pub and Craft Brewery of Bangor, Gifford’s Famous Ice Cream of Skowhegan, Good To-Go of Kittery, Hanson Enterprises Inc. of Ogunquit, Highland Avenue Greenhouse of Scarborough, Maple Lane Farms of Charleston, Moody’s Coworker Owned Inc. of Gorham, Oak Hill and Dunstan Ace Hardware of Scarborough, Oceanview at Falmouth of Falmouth, Puritan Medical Products Co. LLC of Guilford, Ramblers Way of Kennebunk, Rosemont Market & Bakery of Portland, Ted Berry Co. Inc. of Livermore, William A. Day Jr. & Sons Inc. of Porter, Windham Millworks Inc. of Windham and [email protected] of Falmouth.

Winners will be announced May 17 at the Holiday Inn by the Bay in Portland.

Mixed-use development planned for Elks property

The Portland Elks Lodge on Congress Street is expected to be redeveloped into a mixed-use complex, including a smaller lodge.

Malone Commercial Brokers said Wednesday that the Elks sold a portion of property at 1945 Congress St. to Diversified Partners LLC and Fancy Sauce LLC for $1.25 million.

The property now contains a 23,090-square-foot lodge on 7 acres. After the renovation, the Elks Lodge 188 will have an updated 13,500-square-foot lodge, and Northland Enterprises will develop and a medical office building and offices for Clark Insurance.

Science institute cancels annual lobster forecast

A Maine science institute is getting rid of its annual lobster forecast after criticism from the seafood industry about the report’s timing, accuracy and effect on prices.

Maine’s lobster season typically experiences a summer bump in lobster catch, and the timing of the bump plays a major role in the health of the lobster industry. Since 2015, the Gulf of Maine Research Institute has publicized its predictions, based in part on ocean temperature, of when the bump could occur.

Maine Public reports that Maine Lobster Dealers’ Association Executive Director Annie Tselikis says the predictions added more complexity to the lobster supply chain.

– From staff and news services