Challenges and Opportunities: The MEREDA Index Tells the Story of Maine’s Real Estate Markets

Industry leaders gathered in Portland on May 7 to attend the Maine Real Estate & Development Association’s (MEREDA’s) Annual Spring Conference to discuss solutions and challenges in the future of housing in Maine.   As part of the Conference, MEREDA released its 13th edition of the MEREDA Index, a key economic indicator for the state of Maine. With increased construction costs impacting projects statewide, there are many questions as to how the real estate market will be affected.  While the Index showed a slight 2% ebb primarily because of declines in the commercial market, Index commentators see vibrant, active markets with plenty of opportunities in the future.

“I’ve always found the MEREDA Index to be an extremely valuable tool,” says Tim Soley of East Brown Cow Management, Inc.  “Not only is it a great source for measuring changes in our industry over time, but it is also a wellspring of information from industry leaders sharing their insights,” continues Soley.

Regarding rising construction prices, Richard Brescia of Cianbro says, “Considering that budgets for today’s construction projects may have been developed a year or two years ago, the costs increases are sobering for owners.  Looking ahead, Cianbro believes contractors can mitigate this by employing creative solutions such as lean construction principles and a collaborative construction management (CM) delivery approach.”

The MEREDA Index was tabulated by economist Dr. Charles Colgan and is a measure of real estate activity designed to track changes in Maine’s real estate markets.  The Index is a composite of nine seasonally adjusted measures reflecting both new development and transactions involving existing properties and it covers both the commercial and residential markets statewide.  This most recent release covers the last quarter of 2018 through the first quarter of 2019 and includes commentary from Tim Soley of East Brown Cow Management, Inc.; Joseph Porta, SIOR of Porta & Co. Commercial Real Estate; Elise Kiely, Esq. of Legacy Properties Sotheby’s International Realty, and Richard Brescia of Cianbro.

This edition of the MEREDA Index is supported by Cianbro, Porta & Co. Commercial Real Estate, SMRT Architects | Engineers, and XPress Copy

Click here to download the report.  For more information and a video on the MEREDA Index, please click here.


Posted in Business, People | Leave a comment

Spring 2019 MEREDA Index Commentary – THE RESIDENTIAL COMPONENT – Elise Kiely, Esq., Legacy Properties Sotheby’s International Realty

Elise Kiely, Senior Vice President , Legacy Properties Sotheby’s International Realty recently provided insight for the Spring 2019 Edition of the MEREDA Index by sharing her perspective on the Residential Sector over the last 6 months. 

We are continuing to see robust sales activity in Maine’s residential market. 2019 has started off with relatively low inventory and strong demand across most price points. Volume of units sold may be lower in some sectors due to lack of inventory, but we are seeing some increases in sale prices. Properties in good condition and appropriately priced are seeing multiple offers with sale prices at or above list price. The pattern is similar to what we experienced last year at this time. Our spring selling window continues to start earlier in the year,
encouraging some homeowners to list their homes in January and February, as opposed to April and May in years past, in the hopes of taking advantage of less competition.

One key driver of the healthy demand in our residential market is the hiring activities at a number of Maine based companies. For example, many of our buyers are coming from new hires at WEX, Covetrus, Idexx, Tilson and Tyler Technologies, along with the traditional hiring from Maine Medical Center. These organizations are attracting talent from both within and outside the state and the region. Part of our job is showing these potential new Maine residents the advantages of living in Maine. Essentially, we are serving as ambassadors for the state, a role we are proud to embrace. Maine has a strong lifestyle brand and reputation appealing to a wide variety of different demographic groups.

I meet with people every day who are looking to move to Maine. When I ask what is bringing them to this area, the response I most often hear is…lifestyle. The traditional draws are the iconic Maine trails, mountains, rivers, and coastline; but over the past few years, the food and beverage scene has become a strong economic driver for southern Maine and cities up and down the coast.

The biggest challenge that I see going forward is affordability – both with new construction development and work force housing. Certainly, Maine offers more affordable and manageable opportunities than our larger feeder markets in Boston and New York. However, the significant increase in construction costs (from both
a severe skilled labor shortage and a rising cost in materials) is starting to impact new construction options.

It is also impacting the effort to preserve, let alone, meet the increasing demand for affordable work force housing. In order to sustain the golden goose of the food and craft brewery economic drivers for the area, we need to ensure affordable housing for the people serving in these fields. The real challenge in addressing the affordable housing need is doing it in a strategic and effective way that encourages the private sector to have
a voice in the solution.”

Click here to download the full report.  For more information and a video on the MEREDA Index, please click here.

Posted in Business, Events, People | Leave a comment

Spring 2019 MEREDA Index Commentary – INTRODUCTION – Tim Soley, East Brown Cow Management, Inc.

Tim Soley, President of East Brown Cow Management, Inc. recently provided insight for the Spring 2019 Edition of the MEREDA Index by sharing his perspective on the markets overall. 

I’ve always found the MEREDA Index to be an extremely valuable tool. Not only is it a great source for measuring changes in our industry over time, but it is also a wellspring of information from industry leaders sharing their insights. The Spring Index provides us with
a full look at 2018 and allows us a peek at how 2019 is setting up.

Having grown up in mid-coast Maine and been active in commercial real estate in southern Maine over the last 30 years, I have never seen such a broad-based, diverse, and robust expansion. From industrial to flex, to development land, to residential condominiums and rentals, to large companies’ office space and hospitality—the growth is unprecedented in modern times. While mostly concentrated in southern Maine, it is late in the current market cycle and the growth is demonstrating weakness. During the 3 economic cycles I have experienced in my career, people always say that “this time is different” – it never is.

Lateness is sometimes measured in years, and sometimes in frothy activity which does not
mirror the underlined fundamentals. I believe that both conditions apply now.

Maine is following a nationally choreographed path now affected by increased interest rates, international trade tensions, post tax stimulus let-down, and market cycle expansion fatigue.

For example, in Portland I see this represented by stagnant office demand from the typical
1,000 to 3,000 square foot office tenant. We also see residential condominium demand
begin to slow.

Having said all that, and having no crystal ball telling me when the recession will occur, I have never been more excited about the fundamental and foundational potential of the real estate economy focused in southern Maine. I see unprecedented opportunity in elevating the level of design and construction quality in Portland’s built environment.

There are geographic locations of strengths in specific industries or businesses, but nothing broad-based. One of the differences about this expansionary period is that Maine has not seen uniform growth statewide.

Quality of life, a mantra heard here for a couple of decades, is bringing young workers and
older retirees to live here. Tourism has never been greater or as seasonally diverse, and
provides possibilities. Tourism is one of Maine’s largest industries, therefore most important exports. In our relatively rural, economically disadvantaged state, tourism provides our best opportunity to export our tax burden. Finally, large, growing companies are either expanding outposts here, or are willing to call Portland, Maine their home. I see opportunity in the cyclical dark clouds ahead.

Click here to download the full report.  For more information and a video on the MEREDA Index, please click here.

Posted in Business, Events, People | Leave a comment

MEREDA’s Morning Menu Breakfast Event – The State of Housing in Bangor

Housing has become a large topic of conversation in service center communities across the state.  Businesses, families and individuals are being impacted by Maine’s recent economic trends; rising construction costs, rental affordability challenges and limits on the supply of both market and affordable housing options are hampering communities in different ways.

An overview of recent portfolio sales of apartment properties, in the Bangor market, will be presented.  In addition, a regional summary of multi-family housing development will be provided.

Make plans to join MEREDA in Bangor on June 4th at Hollywood Casino to learn about Bangor’s recent months-long study of its housing issues and hear about what City officials and area partners are doing to impact the supply, quality and affordability of housing in the Queen City.

About the Event:

June 4, 2019 – 7:30 – 9:00 AM

Hollywood Casino Bangor
500 Main Street
Bangor, ME

Breakfast: 7:30 – 8:00 AM
Program: 8:00 – 9:00 AM

Our Presenters:

Philip S. Drew, City Assessor has been serving in his current position since January 2015.  He is responsible for all aspects of the day to day operation and long term planning of the Assessing Department, managing the departmental personnel, and conducting assessments of personal and real property for the City of Bangor.

Philip currently, serves as a board member of the Maine Chapter of the International Association of Assessors. Philip lives in Glenburn with his wife Mary.

Jeff Wallace, a graduate of Maine Maritime Academy, has worked for the City of Bangor for ten years.  During the first nine years he managed the City’s home repair program; said program provided low interest loans to Low to Moderate Income homeowners to complete needed repairs.  He has been a certified Code Enforcement Officer since 2014 and the Director of Code Enforcement since April, 2018.  He lives in Bangor with his wife Kristen and two children, Zachary and Sarah.

Jason Bird is the Housing Development Director for Penquis.  Jason oversees an existing portfolio of over 300 units of affordable housing in the Eastern Maine region and is responsible for developing new affordable housing and acquiring existing rental housing properties.

Before joining Penquis, Jason worked for 10 years doing community and economic development at the municipal and regional levels. Jason holds a Bachelor of Arts in Political Science and a Masters of Public Administration, both from the University of Maine.  He currently serves on the Board of the Maine Affordable Housing Coalition.

Registering for this Event:

Your RSVP is requested by May 28, 2019. Payment is expected at the time of registration. No refunds will be granted  to anyone who registers, but fails to attend or who cancels after May 28, 2019.

Ticket Prices:

Members: $25 each | Non-Members: $35 ea
Prices increase by $10 after May 28, 2019

This MEREDA Morning Menu Breakfast Event is Sponsored by Bangor Savings Bank, Bowman Constructors and the City of Bangor. 

Visit for more information and to register.

Posted in Business, Events, People | Leave a comment

MEREDA Celebrates Real Estate Development in Maine: Six Development Teams to Earn Recognition

Augusta, Boothbay Harbor, Topsham, Portland, Waterville, and Westbrook projects to receive awards from Maine Real Estate & Development Association on May 7

The Maine Real Estate & Development Association (MEREDA), the state’s leading organization for responsible real estate development, has selected the top six real estate developments in Maine in 2018, and will present awards to each at its annual Spring Conference in Portland on May 7 at the Holiday Inn By the Bay.

The MEREDA board of directors has selected exemplary projects from across the state, completed in 2018, which not only embody MEREDA’s belief in responsible real estate development, but also exemplify best practices in the industry, contributing to excellent jobs and increased tax bases for our cities and towns.

Each of the six projects was selected in part based upon criteria including: noteworthy and significant project completed* in 2018 (*Building Occupancy Permit must be issued by 12 31 18.), environmental sustainability, economic impact, energy efficiency, social impact, uniqueness, difficulty of development and job creation. The recipients are:

  • Westbrook Housing, Westbrook Development Corporation, and Anew Development’s Riverview  Terrace in Westbrook
  • Dirigo Capital Advisors’ Ballard Center in Augusta
  • Paul G. Coulombe’s Boothbay Harbor Country Club in Boothbay Harbor
  • Colby College’s Bill & Joan Alfond Main Street Commons in Waterville
  • Developers Collaborative & Sea Coast Management’s The Motherhouse in Portland
  • Bateman Partners’ Topsham Care Center in Topsham

Click here to learn more about the recipients and make plans to join us on May 7th as we recognize these developments at our 2019 Annual Spring Conference. Full registration details are available by clicking here.

Posted in Business, People | Leave a comment

MEREDA Welcomes Heather Johnson, Commissioner of the Maine Department of Economic and Community Development

The Department of Economic & Community Development’s broad mission is to help communities and businesses prosper through a variety of programs providing everything from targeted tax relief to community block grants to tourism marketing. DECD and its partners show companies how to benefit from millions of dollars in tax credits, reimbursements, R & D credits, capital loans, even direct investment.

Join us on June 19th at the Holiday Inn By the Bay to hear about the Commissioner’s first few months in office, and learn about what she sees as opportunities and threats for Maine’s economy, and what may come out of the legislative session to advance the economy.  We’ll also learn what Maine is doing to be competitive and what programs DECD uses to assist development together with specific success stories.

Following her formal remarks, Commissioner Johnson will welcome questions from the audience.

About the Event:

June 19, 2019 – 7:30 – 9:00 AM

Holiday Inn by the Bay
88 Spring Street
Portland, ME

Breakfast: 7:30 – 8:00 AM
Program: 8:00 – 9:00 AM

Our Presenter:

Heather Johnson grew up in Skowhegan and graduated from the University of Maine. She began her career by building a diverse background in the private technology sector including sales, operations and general management roles at Nokia, Gateway and Toshiba. With continually expanding roles she created startup operations inside large companies, developed new products for new markets, and ran a $1.2 billion retail business.

After leaving the private sector, Heather had the opportunity to concentrate on rural economic development at Somerset Economic Development Corporation. During her time as the Executive Director she focused on key economic drivers such as; connectivity, workforce participation, and potential growth markets.

While serving as the Director of ConnectME Heather was responsible for managing a small grant program, mapping key assets, working with communities and businesses to help them identify needs and opportunities to utilize connectivity to enable their goals. Heather was able to able to make changes that positions the ConnectME to move forward into the connectivity space.

As Commissioner of the Department of Economic and Community Development Heather continues to dedicate her career to fostering economic development, both in private companies and in rural communities across Maine.

Registering for this Event: Click Here to Register Now

Your RSVP is requested by June 12, 2019. Payment is expected at the time of registration. No refunds will be granted  to anyone who registers, but fails to attend or who cancels after June 12, 2019.

Ticket Prices:

Members: $45 each | Non-Members: $55 ea
Prices increase by $10 after June 12, 2019

This MEREDA Morning Menu Breakfast Event is Sponsored by Norway Savings Bank.

Visit to register for this event.


Posted in Events, People | Leave a comment

Retail Trends Moving Forward in 2019

Karen Rich, Broker, Malone Commercial Brokers

I was happy to present the Greater Portland Retail portion of the MEREDA 2019 Forecast conference last month in Portland, where we took a look back at 2018 and where retail trends are moving forward in 2019.

Locally, the retail market has remained very strong.  Greater Portland numbers show a vacancy rate just slightly higher than it was a year or two ago at just over 5%.  Vacancy rates in the Old Port and Downtown Portland barely register.  But, that being said, if you keep an eye on trends, you can start to see some slight changes.  Retail spaces in the Old Port tend to remain available a little longer than they did a few years ago.  Of course, the prices per square foot are still extremely high – there are actually prices being paid in the Old Port of $48 per square foot!  Crazy, I know, but typically those spaces tend to be fairly small and in the most well-located places in the City!  Regardless, the retail market in the Greater Portland area remains very strong.

The Greater Portland market is comprised of the communities of Portland, South Portland, Scarborough, Westbrook, Falmouth and Cape Elizabeth.  The retail report compiled by Malone Commercial Brokers tracks over 6.5M SF of retail spaces throughout this area.  Of that square footage, vacancy is only approximately 365,000 SF.  The Per Square Foot average price for those spaces remains high in the $15.00-$19.00 range.    Yes, there are some big box stores that have remained vacant for a few years.  Case in point is the former Bon Ton/former Filene’s space BUT there is talk of repositioning that type of bigger box space into other types of uses.  Uses like medical office and similar that could benefit from a Maine Mall location.  Certainly, the trend with big box retailers is to prototype their stores slightly smaller and use each square foot more judiciously than in the past.

The impact of a flourishing restaurant scene on retailers is self-evident. Portland, Maine (as we all know by now) was named 2018 Restaurant City of the Year by Bon Appetit magazine. I’d like to say that it put Portland on the map but the truth of the matter is that Portland has been on the map for a number of years.  It may now be getting all the recognition that our beloved city deserves.   Greater Portland has long been a favorite of foodies and has also become very well known for its breweries and craft beer making which has made it a “must stop” on many travelers’ destinations.  When you factor in all of the new restaurants, amazing chefs, and some of our long-standing favorites that have been with us for 30 years and more, you have an exciting restaurant city that is just going to continue to become more and more popular.   The success of the restaurants which helps bring many of the tourists also has significant impact on local and regional retail shops.

Retail Trends:

One of the aspects of retail that I took at look at for the retail presentation had to do with trends in retail and how retail is faring both locally and nationally and the obvious impact from e-commerce sales.  The one notable and memorable quote that I came across during my research was (to paraphrase) “It is no longer an us vs them mentality” as in e-commerce vs bricks and mortars.  Instead it has become important that bricks and mortars retailers adapt and create an Omnichannel Strategy for their customers.  Retailers don’t really care if you shop online on their website and ship the package to your home, OR if you shop online on their website and pick up your purchase at their local bricks and mortar store OR if you come and shop in their store.  Any of these three variations means you are spending your retail dollars with them!  Hence the Omnichannel Strategy – offers you the option to purchase wherever you want and wherever you feel most comfortable but shop with them!

To make that shopping experience an even more positive one, retailers are developing what is called Experiential Retail.  Experiential Retail is generally defined as a store in which stuff happens in addition to selling, and shoppers do things besides buying. The idea is that a retailer offers consumers a chance to buy an experience rather than just an object or service.   This can be accomplished through any number of activities but typically is also linked to technology and using technological advances in apps that make the shopping experience a fun and convenient one.

The last word is, retailers need to remain flexible and willing to make changes, as well as bring in new systems as they become available.  The key word for Retailers today is Adapt, Adapt, Adapt!

Posted in Business, Member Articles | Leave a comment

MEREDA’s Annual Real Estate Spring Conference – The Future of Housing in Maine: Opportunities and Solutions

On May 7th, the Maine Real Estate & Development Association (MEREDA) will host an exciting, informative, and solutions-based presentation for anyone living or working in Maine. Housing is reaching a critical juncture here, and MEREDA’s members are at the forefront, finding ways to respond to existing and changing housing needs, and support responsible development. Our Spring Conference will focus on understanding the various ages and demographics needing housing and their impact on developing appropriate housing stock.

“Housing is a huge issue in Maine affecting individuals, businesses, and communities, and a constant subject of discussion among MEREDA members,” says Gary Vogel, MEREDA President. “We want to be part of the solution. So we’ve decided to focus an entire conference on this issue, to bring together industry leaders to collaborate and innovate on this important topic,” continues Vogel.

Headlining the event we have Lynn Fisher. Lynn, a Resident Scholar at the American Enterprise Institute, will deliver a data rich baseline of information, encompassing national and regional trends. Martin Ditto, a Washington, D.C. developer deeply involved in the emerging national trend of Cohousing, will share success stories and his process for recognizing innovative housing solutions.

Bringing these inspiring topics home to roost are Matt O’Malia, Hannah Pingree, and Dan Brennan. Matt, a design/build innovator and principal and co-founder of GO Logic, is developing a European insulation product using paper. His product will create savings in both construction and heating, create jobs here in Maine, and take advantage of a natural product we have in abundance. Hannah, Director of the Governor’s Office of Policy and Management, will be speaking to Policy and will tell us how the state and federal government can help. Finally, Dan, with 25 years of experience at MaineHousing, will share his insight and knowledge of both policy and lending products exclusively for funding affordable housing development.

The conference format will be engaging, interactive, and conversational. There will be many opportunities for audience interface and questions. As a bonus to this year’s Spring Conference, we are offering ACCESS tickets, to a private cocktail party following the conference, where the conversations can continue in a small group setting.

The MEREDA Spring Conference will be held on May 7th from 12pm – 5pm. The next edition of the MEREDA Index will be unveiled and MEREDA will also recognize its 2018 Notable Projects Recipients at the event.

This Course has been Approved for 3.00 Hours of Broker, Appraiser, Architect & Legal Continuing Education Credits.

For more information, or to register for the conference, please click here.

Posted in Business, Events, Networking, People | Leave a comment

Maine’s Affordable Housing Needs Go Through the Roof, Leading to Call for New State Tax Credit

Greg Payne, Director, Maine Affordable Housing Coalition

Maine is experiencing a fundamental mismatch between its housing stock and its housing needs, and that mismatch is creating enormous problems for our families and our state’s economic well-being. For tens of thousands of Mainers, the price, quality, size and location of the homes available to them are simply out of synch with their needs and resources. This housing market failure affects wide swaths of Mainers, but seniors on fixed incomes, people with disabilities, and lower-wage workers are particularly affected. Housing practitioners and advocates are responding to this dilemma with a new proposal to double the current rate of production of affordable homes in Maine, through the creation of a new state affordable housing tax credit.

Overwhelming Unmet Need

Providers of affordable homes report staggering demand statewide, and an increasing inability to keep up: the aggregate waiting list for affordable housing managed by members of the Maine Real Estate Managers Association, the state’s largest apartment association, has risen to more than 32,000 households; the Maine Association of Public Housing Directors reports that over 17,500 Maine households are now on their waiting lists for federal rental assistance, often for 5-10 or more years; and Avesta Housing, the state’s largest nonprofit housing agency, reports that over 4,000 households applied for one of their affordable homes in 2018, but only 373 received help:

Additionally, recently released American Community Survey data reveals that more than 35,000 renter households, spread throughout all areas of Maine, are severely rent burdened – that is, paying more than half of their incomes for rent and utilities.

While Maine is experiencing this widespread, unmet need for affordable homes, the annual rate of production of new affordable housing units is only about 250 statewide. 

How Affordable Housing is Financed

In Maine and across the country, affordable housing development is primarily financed through the federal low income housing tax credit program (LIHTC), conceptualized as a public-private partnership that has found great success and bipartisan support since it was passed in the 1980s. While so-called “9% credits” are a limited, oversubscribed federal resource that flows to Maine each year based on population size, there is an unlimited supply of “4%” low income housing tax credits available from the U.S. Treasury to increase the supply of affordable housing. However, those 4% credits, which generally cover about 35% of the cost of a typical new affordable housing development, are only available if the state puts some of its resources on the table as well. The graphic below shows the difference between the two types of credits and how they are used to finance affordable housing:


The key to making affordable housing development feasible under either scenario is finding the “Other Subsidy” shown above in green. While the 9% LIHTC is more valuable and requires less additional subsidy, its availability is limited by design and will only support the annual production of about 150 new housing units in Maine. The 4% LIHTC is less valuable than its 9% cousin, but is an unlimited resource to be leveraged by states that can find the resources to fill in the other subsidy required.

How a Maine Affordable Housing Tax Credit Program Can Fill the Gap

Over a dozen other states (including Vermont, Massachusetts and Connecticut) have adopted successful state affordable housing tax credit programs to help fill the financing gap in projects that utilize federal 4% tax credits to build new housing. The Maine Affordable Housing Coalition and its partners in the aging, community development, construction and engineering sectors are now proposing a similar approach through a bill that has been filed at the state Legislature.

Modeled on Maine’s successful and highly efficient state historic rehabilitation tax credit, the proposal would utilize $80 million in state tax credits over 4 years to leverage federal 4% credits. Adding these two resources to the modest loans and grants already available to housing stakeholders would allow more than 1,000 affordable homes to get built or preserved in Maine over 4 years – a doubling of the state’s annual production of affordable housing. At the same time, it would create jobs and critical economic activity statewide in the construction, engineering and design sectors.

The initiative sets aside 10% of the credits to preserve some of the nearly 2,500 affordable homes located in rural communities throughout Maine, which were originally financed 40 years ago by USDA Rural Development but are now at risk of losing their affordability restrictions.

The proposed program would allow individuals or corporations to invest in the development or preservation of affordable housing, in return for a refundable credit to apply to their state income tax obligations. The credits would be administered by MaineHousing.

The bill, sponsored by Assistant House Majority Leader Ryan Fecteau, is titled “An Act to Create and Preserve Affordable Homes for Workers, Seniors and Rural Communities” and is expected to be referred to the Taxation Committee later this month.

Posted in Advocacy, Member Articles | Leave a comment

Join us in Lewiston on April 23 for the Last of our 3 Opportunity Zones Breakfasts

The 2017 Tax Cuts and Jobs Act created a bi-partisan tax incentive program based on economically distressed Opportunity Zones.  Investors in Qualified Opportunity Zone businesses now have the ability to defer, and to some extent eliminate, recent capital gain income, by properly investing their gain proceeds.  Gov. LePage has designated 32 Opportunity Zones in Maine ranging from Saco to Madawaska,  which opens the door for real estate developers pursuing projects in these designated areas to tap into a whole new group of tax savvy investors.

Join MEREDA for the last of its three informational breakfast events, this time in Lewiston at DaVinci’s Eatery on April 23, 2019  from 7:30 AM – 9:00 AM to learn more about these complicated new rules.  Once again, panelists Andy Smith andNelson Toner will offer insights about how the legislation will impact the real estate industry and the tax advantages available to investors in Opportunity Zone projects

About the Panelists:

For more than 30 years, Nelson Toner has practiced law at Bernstein Shur providing tax planning, estate planning and business succession planning to individual and business clients.  Prior to working at Bernstein Shur, Nelson worked in the tax department at the Boston office of Grant Thornton, an international accounting firm during the halcyon days of pre-1986 real estate syndications.  Nelson gives many local and state seminars, including a regular presentation at the Maine Tax Forum each autumn, and for many years taught Estate and Gift Tax at the Maine Law School.  He also writes the S Corporation column for the Journal of Passthrough Entities, a national tax publication.

Nelson earned a bachelor’s degree in mathematics from Trinity College (Hartford), a JD  degree from Case Western Reserve University, and an LLC in taxation from Boston University.

Andrew Smith is a principal at Baker Newman Noyes, specializing in assisting his clients with practical advice and creative solutions to their most challenging business issues, including tax efficient structures for business transactions; fixed asset analysis; succession planning; and tax deferral and reduction strategies. He also works with real estate clients of all sizes on cost segregation studies, like-kind exchanges, and historic rehabilitation credits. In addition to serving clients, Andy is also actively  involved in the firm’s college recruiting initiatives, having begun his career at the firm in 1997 as an intern and leads the tax department’s Multi-Generational Business group.

He earned a bachelor’s degree in business administration, with concentrations in accounting and finance, from the University of Maine, Orono.

Registering for this Event: Click here to register for this event

Your RSVP is requested by April 16, 2019. Payment is expected at the time of registration. No refunds will be granted  to anyone who registers, but fails to attend or who cancels after April 16, 2019.

Ticket Prices:

Members: $25 each | Non-Members: $35 ea
Prices increase by $10 after April 16, 2019

This MEREDA Morning Menu breakfast is sponsored by Norway Savings Bank

Posted in Events | Leave a comment