August 2012 Archive

The Board of Directors of the Finance Authority of Maine (FAME) has approved financing for Portland-based Apothecary by Design, LLC, which will help the company to create and retain thirty-eight Maine jobs.  FAME’s action will help the company to fund lease-hold improvements at an additional facility and to make upgrades at its existing headquarters. 

FAME has supported the company by providing loan insurance on loans made by Bangor Saving Bank since the company started in 2008.

“FAME is pleased to have helped Apothecary by Design get started and with its new plans to grow,” stated FAME Chief Executive Officer Beth Bordowitz. 

Apothecary by Design, LLC is a locally owned, independent pharmacy offering a range of integrated pharmacy services that include retail prescription services, specialty pharmacy services focusing on disease management, pharmaceutical compounding, and nutritional health and well being.

At its August 16 board meeting, FAME approved 90 percent loan insurance on a $150,000 loan by Bangor Savings Bank.  It also approved the re-advancement of funds on an existing loan and the renewal of an existing line of credit.

The approved financing will help the company’s specialty department relocate to Portland’s Preble Street in order to gain efficiencies and additional work space due to the company’s rapid growth.  FAME’s action also will permit various upgrades at the company’s existing Marginal Way headquarters, including the enlargement of its compounding lab, allowing it to double its capacity and improve the workflow of both its retail and compounding pharmacy services.  The reconfiguration also will allow the company to expand its nutraceutical and supplement offerings. 

The company’s managing partner, Mark McAuliffe, stated:  “We are grateful to Bangor Savings Bank and FAME for helping Apothecary by Design to increase production, maintain and create good-paying jobs in the state, and continue our growth and expansion.” 

The Finance Authority of Maine (FAME) is currently displaying the works of Svetlana Beattie, an artist residing in Augusta who specializes in oil painting, photography and sculpture.  The display features her paintings.

FAME Chief Executive Officer Beth Bordowitz stated:  “FAME is pleased to have Svetlana’s work adding color and vibrancy to our office, while helping to bring public attention to Maine artists who enrich our communities.” 

Born in Russia, Beattie moved to the United States in 1999.  She earned a bachelor of science in music education and a master's degree in child education and psychology.  She has continued her education at the University of Maine in Augusta, focusing on art.

One of Beattie’s passions is creating photographic character books, or personal photo albums “of the heart.”  She now has three such books in print, as well as two other books featuring her paintings.  Through her oil paintings, Beattie explores luminosity and color in nature with a sincere expression of joy and happiness.  Her brushwork is expressively loose and aids the impression of the moment.  The interplay of opposites creates a dynamic energy and emotional unity in her works.

        
Her fellow artist, Stephen Plumer, stated:  “I see Svetlana as an extremely dynamic, versatile artist not locked into a repeat style, but exploring new visual ideas continually.  Her use of color humbles me, and her design sense seems intuitively explainable.”
            
FAME strives to bring visibility to the achievements of Maine artists by providing opportunities to exhibit their artwork and to inspire passion about art in others. 

The public may view the exhibition for free at FAME’s Augusta office until October 31 on Mondays through Fridays from 8:00 a.m. to 5:00 p.m.  FAME’s office is located near the Augusta Civic Center at 5 Community Drive, Augusta, Exit 112 off I-95.  Public receptions with Beattie and friends will be held on August 23 and September 27 from 5:00 p.m. to 7 p.m.

To learn more about FAME art exhibits and openings or, if you are an artist who would like to have your work considered for exhibition, please contact FAME at 1-800-228-3734.

Items of Interest for July 2012:

EPIC Database

FAME 5 on the 5th

FAME's 2012 Showcase Maine