>>>
>>> A
>>> A BANK IS DOING SOME4@THING TO SUPPORT THE BUSINESSES WITH THEIR 4@LAUNCHPAD 50 K SMALL
BUSINESS COMPETITION.
>>4@ BUSINESSES CAN APPLY FOR N
STRINGS ATTACHED GRANT AND A
WINNER WAS JUST RECENTLY
ANNOUNCED AND IT IS A BAKERY IN
SCARBOROUGH AND WE 4@ARE JOINED
BY THE COFOUNDERS, ALICIA AND
JANEL, AND ALSO MARK4@4@4@ FROM
SAVINGS BANK.
THANK YOU FOR COMING IN .
>> THANK YOU FOR HAVING US .
>> CONGRATULATIONS, THIS IS A
BIG DEAL.
MARK, LET'S START WITH YOU IN
GENERAL.
WHAT IS THE IDEA BEHIND THE
LAUNCHPAD PROGRAM?
>> IT WAS STARTED JUST A KIND
OF FILL A NEED IN THE COMMUNITY
AND WE FOUND 4@MALL BUSINESSES
WERE HAVING A PROBLEM ACCESSING
CAPITAL AND IT IS NOT REALLY
ALL THAT USUAL FOR BANK4@S TO 4@
GIVE MONEY AWAY WITH 4@NO STRIN
ATTACHED BUT IT WAS SOMETHING
THAT OUR DIRECTORS AND SENIOR
MANAGEMENT TEAM DECIDED TO DO
TO KIND OF FILL THAT NEED .
>>4@ WHEN YOU WERE LOOKING FOR
WINNER, SELECTING A WINNER AND @
NARROWING IT DOWN, WHAT ARE YOU
LOOKING FOR IN THE SMALL
BUSINESSES?
>> WE HAVE A PANEL OF OUTSIDE
JUDGES4@4@ THAT DO A FANTASTIC
ABOUT 150 ON AVERAGE
APPLICATIONS AND THEY ARE
PRETTY DETAILED, HOPEFULLY NOT
TOO BAD BUT PRETTY DETAILED AND
ESSENTIALLY THEY GO THROUGH A
NUMBER 4@AND A 4@GET FIVE FINAL
TOO BAD BUT PRETTY DETAILED AND ESSENTIALLY THEY GO THROUGH A NUMBER 4@AND A 4@GET FIVE FINAL@
AND QUITE HONESTLY WE ARE HAPPY
WITH ALL FIVE TO 4@END UP ON
STAGE.
WE ARE HAPPY TO SUPPORT ANY ONE
OF THE WINNERS AND THE
COMPETIT4@ION STUFF .
>> GIVE 4@US A RUNDOWN OF WHAT
THE BAKERY IS ALL ABOUT .
>> WE MAKE SMALLBATCH BUTTER
AND CREAM CHEESE4@4@4@4@ AND OU
FLIP ON THAT AS WE MAKE A LOT
OF FLAVORED BUTTERS AND SO WE
HAVE GARLIC, HERB, TRUFFLE,
SALTED CARAMEL, MAPLE, WE TRY
TO SOURCE AS MANY INGREDIENTS
FROM MAINE COMPANIES, LIKE
GOVERNMENTAL BUTTER HAS MAPLE
SYRUP FROM A HOUSE IN MAINE 4@A
WE HAVE HIGHER BUTTERFAT, SO
THAT IS LIKE BUTTER THAT GETS
OFF THE FARM BACK IN THE DAY,
SO THAT IS HOW WE SET OURSELVES
APART .
>> THE WINNER IS $50,000
LAUNCHPAD OVER HERE.4@
>> [ CHEERS ]4@4@4@
>> ALICIA, $50,000 IS A BIG
DEAL FOR SMALL BUSINESS IN
MAINE.
WHAT WILL THAT GO TO HELP YOU
GUYS DO?
>> VERY SPECIFICALLY,
HORIZONTAL FLOW WRAPPER.
ESSENTIALLY,4@ 4@WE HAVE GOTTEN
LOT OF NEW LEADS AND WE HAVE
REALLY HAD TO SCALE UP
PRODUCTION, ONE OF THOSE 4@LEAD
IS IN THE AREA OF CONTRACT
MANUFACTURING AND DOING MEDIUM-
SIZED PRODUCTION RUNS FOR THE
COMPANIES AND WE HAVE NEEDED A
MORE EFFICIENT WAY TO PACKAGE
AND SO WE HAVE ALREADY BOUGHT A
MACHINE THAT HELPS US FILL A
LOT FASTER BUT AS 4@I MENTIONED
THE COMPETITION IS LOOSENING UP
ON THE OTHER AND 4@AND IT IS
COMING OUT SO FAST WE CANNOT
PACKAGE IT ENOUGH BECAUSE WE
ARE STILL PACKAGING BY HAND.
THIS HORIZONTAL FLOW WRAPPER IS
ESSENTIALLY AN AUTOMATED
PACKING MACHINE 4@.
>>4@ THIS IS REALLY AN AMAZING
BOOST FOR YOUR BUSINESS .
>> YES .
>> HOW FAR HAVE YOU TAKEN YOUR
PRODUCTS NOW?
ARE YOU WELL OUTSIDE OF NEW
ENGLAND ARE YOU NATIONAL?
>> WE ARE4@4@ A REGIONAL BRAND
WE ARE IN SIX DAYS AND OVER 250
STORES THAT INCLUDE GROCERY
STORE CHAINS, SPECIALTY FOOD
STORES, RESTAURANTS, BAKERIES,
WE SELL ONLINE AND UPSHIFT OUR
BUTTER FROM HERE TO ALASKA.
WE DO A LOT OF SPECIAL OCCASION
BUTTER ORDERS THROUGHOUT THE
COUNTRY AS WELL .
>>4@ WE TALKED ABOUT HOW
IMPORTANT IS TO SOURCE LOCALLY.
HOW IS IMPORTANT IS THAT FOR
YOU GUYS WHEN 4@YOU ARE PICKING
WINNER FOR THIS?
>> WE4@ HAVE HAD WINNERS FROM
ACROSS THE STATE ACTUALLY OVER
TH4@E LAST SEVEN 4@YEARS, SO IT
REALLY A CREDIT TO THESE
LADIES, HOW THEY PRESENTED
THEIR PRODUCTS, HOW THEY DID ON
STAGE IN THE COMPETITION AND
HOW THEY CONVEYED 4@THE USE4@,
NEED FOR THE MONEY AND THE USE
OF THOSE FUNDS .
>> I AM SURE IT MAKES A 4@
DIFFERENCE TO HAVE A BUSINESS
THAT IS ACTUALLY SUPPORTING
OTHER PEOPLE ALL IN MAINE.
>> IT IS IMPORTANT TO US, TO
THE BANK, THAT 4@IS PART OF OUR
DN4@A IF 4@YOU WILL.
WE ARE PART OF THESE GUYS 4@.
>> I KNOW THAT AWARD, AS YOU
MENTIONED, WILL GO TOWARDS
SPECIFIC4@ PIECE OF EQUIPMENT .
>> HORIZONTAL PACKAGING .
>> THERE YOU GO, WHAT IS IN
STORE FOR YOUR COMPANY?
WHAT'S THE BIG PICTURE GOING
FORWARD?
>> WELL, 4@WE ARE IN A LOT OF
SPECIALTY 4@FOOD STORES ALONG
WITH HANNAH FORD, WHO IS BEEN
SUPPORTIVE US4@ AND WE ARE
LOOKING TO EXPAND THAT REACH
AND REALLY START TO CARRY OUR
PRODUCT A LITTLE FURTHER DOWN
THE EAST COAST AND CONTINUE TO
REALLY SHARE THE GREAT THINGS
THAT WE4@ HAD 4@IN MAINE FURTHE
AWAY BECAUSE THE MAIN BRAND 4@
REALLY EXTENDS NATIONALLY AND
THAT SPEAKS TO THE VOLUME OF
ALL OF OUR PRODUCERS IN THE
STATE THAT HAVE BUILT THAT
BRAND TO HELP US4@ 4@CARRY OUR
PRODUCT'S FURTHER AWAY .
>> THANK YOU FOR COMING MARK
AND JANEL AND ALICIA.
THE WINNER OF THIS BANK 4@
LAUNCHPAD RIGHT HERE, $50,000
GRANT IS BIG MONEY.
IT