About Our Katahdin Investments

Our Katahdin Investments is a volunteer driven nonprofit organization promoting impact investment in the Katahdin region. Our goal is to generate financial returns and community impact through investments in the bio-based, digital and tourism economies.

Founded in 2015, Our Katahdin Investments was formed to support the charitable mission of Our Katahdin.

Our Katahdin Investments Mission

The mission of Our Katahdin Investments is to deliver innovative crowdsourced financial products that will attract long-term capital to the region to support its economic revitalization.

Board Members

Michael Faloon, Jr., President

Michael Faloon, Jr.Mike is currently the Chief Operating Officer for Standish Mellon Asset Management. Standish manages $170 billion in fixed income assets on behalf of individuals, corporations, sovereign wealth funds, and foreign central banks.  He oversees risk management, marketing, quantitative, operations, and IT functions.  Mike has been with Standish since 1999 and previously worked at Fidelity Investments.  Mike is a director of the Green Bond Principles Executive Committee.  He is a member of the Global Association of Risk Professionals and holds a Financial Risk Manager certification.  He has a Masters in Financial Engineering from Stevens Institute of Technology. Michael has an Masters of Science in Finance from Northeastern University and a B.S. from the University of Maine, and he holds the CFA® designation.  Mike resides in Rowley, MA with his wife Stephanie and their two children, Raegan and Andrew.  
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Mike graduated from Schenck in 1993 and his family has called Medway home since 1860, making a living off the land as farmers and woodsmen.  "It has been very hard to watch a place that gave me so much go through such difficulty", says Mike.  "When asked to join Our Katahdin by Sean and Tony it was an opportunity I couldn’t pass up. Our Katahdin is a great platform that gives those “living away” the ability to give back to the place that gave us so much" said Faloon.  SHOW LESS

Sean DeWitt, VP of Operations

Sean DeWittSean is currently a Director at the World Resources Institute, a nonprofit organization that works at the intersection of economic opportunities and natural resources -- with a goal to leave our economy and planet in better shape for future generations than we found them.  Sean was previously a Director at Grameen Foundation, working to create micro-business opportunities for women in Africa and Asia.  Previously, he worked to support small business and small nonprofits at the Fund for the City of New York.  He managed projects for the US Department of State in Africa, Asia and the Caribbean. Sean also worked in the private sector with PricewaterhouseCoopers as a Management Consultant and worked as an Industrial Engineer for Intel and the Walt Disney Company. Sean holds a BSc in Industrial Engineering from Purdue University and an MSc in Development Finance from the University of London.  
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Sean most enjoys having fun with his wife Ranita and daughters Samaya and Simran.

"The work of 'Our Katahdin' is very personal for me", says Sean.  "All my roots are in the Katahdin region.  I grew up in Millinocket, have family in all three towns and worked in Medway at Terry's Texaco in high school and college.  I've been involved in innovation and economic development for most of my career, and have found the most common ingredient for success to be the extent to which people are willing to pull together to make things happen.  The chances of success increase dramatically.  This is why we started Our Katahdin.  We need to come together as a region, and we need to build stronger connections with people from the region who have moved away for various reasons, but still love the region.  There is so much that can be if we band together and begin to pool our ideas, money and time to make things happen."  SHOW LESS

Nancy DeWitt, Treasurer and VP of Administration

Nancy DeWittNancy DeWitt is an "Our Katahdin" team member, and the Treasurer.  She graduated from Stearns High School in Millinocket in 1967.  She is a diploma graduate of Husson College in Bangor, ME.  Her first job was with Great Northern Paper Company in Millinocket, where she worked for 6 years in the Insurance Department before starting a family.  For the next 28 years, she owned and operated a successful travel business in the Katahdin area.  From 2002-2010, she operated an internet antique shop with her sister, aptly named "Two Sisters Antiques."  Nancy’s home is in Millinocket, but she is a "snowbird," living in Fort Myers, Florida with her husband Dave in the winter months.  They enjoy the beautiful, sunny weather, and attending the Red Sox spring training games.  
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Nancy had an idyllic childhood in Millinocket, with summers spent at Millinocket Lake with the family.  She would like to see future generations have the same opportunities that she had.  She sees “Our Katahdin” as a platform that local citizens can use to improve the quality of life in the Katahdin region following the mill closures.  As stated on our website, “We made paper, paper didn’t make us.”  If we all work together, we can ensure a brighter future for our beautiful Katahdin region.  SHOW LESS

Tony Foster, VP of Technology and Innovation

Tony FosterTony is currently a Senior Programmer/Analyst at L.L. Bean in Freeport, ME and resides in Portland, ME.  In this role he is responsible for the design, development and maintenance of software used in support of the company’s e-commerce platform and marketing initiatives.  He previously held a similar role at Delhaize America in Scarborough, the parent company of Hannaford Bros.  Tony holds a B.S in Computer Science from the University of Southern Maine and is currently enrolled in the school’s M.S. Computer Science program.  Tony is using his background in technology to help drive the online platform of OurKatahdin.com.  

Tony was born and raised in Millinocket and is a 1994 graduate of Stearns High School.  He has deep roots in the area, and his involvement with Our Katahdin is a direct result of his relentless optimism for the future of the three towns. 
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"Like many people in my generation, I moved away after high school.  But, having family and friends in the area has allowed me to come back often and stay connected," says Tony.  "It’s been difficult to see the slow decline that’s taken place over the past few decades, but I truly believe we’re at the beginning of a new era of growth for the Katahdin region.  We’re a proud, resilient community, and as we make the adjustment from letting paper mills determine our future, to us building our own future, I believe there is no limit to what this area can become."  SHOW LESS

Michael Seile, Jr., VP of Fundraising and Business Development

Michael Seile, Jr.Mike is currently a General Manager of Continuous Improvement at Somic America, Inc. located in Brewer, ME and Wytheville, VA.  Within his current role, Mike is responsible for the companies overall annual cost reduction initiatives including manufacturing improvement, design value add / value engineering changes and supply chain cost reduction activities.  Somic America is one of the largest suppliers of suspension and steering components in North America providing components to Toyota, Honda, Subaru and General Motors.  Previous to his current role, Mike was the CEO of the Bangor YMCA for close to five years.  Within this role, Mike lead the physical consolidation of the historic Bangor YMCA and Bangor YWCA into one location eliminating the duplication of facilities and services while maintaining the deep history of both organizations for generations to come. 
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Before working at the Bangor YMCA, Mike held various roles at Brewer Automotive Components and ZF Lemforder including Vice President of Operations, Plant Manager and Supplier Quality Engineer.

Mike graduated in 1995 from Stearns High School and holds a B.S from the University of Maine and currently resides in Glenburn, Maine with his wife Candis and two children Andrew and Katelyn. "Our Katahdin, is more than a platform, it's an opportunity to volunteer and work together with a region that has helped shape who I am and my career and it is time to give back", said Mike.  "Living in the Bangor region and traveling, I run into so many people that grew up in the region that continue to call the region home because of the deep history, traditions and wonderful upbringing that we all had.  Our Katahdin provides a platform for those near and far to reconnect and help shape the next chapter for the region with local residents, I encourage everyone to engage with this 100% volunteer organization either through volunteering their time or contributing generously to the projects lead by local leaders", says Mike.  SHOW LESS

Michael Osborne, VP of Industrial Operations

Michael OsborneMike is currently a Water Resource Manager for Brookfield Renewable Energy Group, located in Millinocket, ME. Within his current role, Mike is responsible for daily scheduling of 182 Megawatts of hydroelectric generation on the Penobscot and Union Rivers and also responsible for the management of 60 billion cubic feet of water storage on 9 Penobscot River and 2 Union River hydro dams. Mike has also recently managed a successful integration of Nextera Energy’s hydroelectric portfolio on the Kennebec, Moose and Dead Rivers, totaling 480 Megawatts of additional generation and 44 billion cubic feet of additional storage from 3 storage dams. Previous to his current role, Mike has held various roles within Brookfield, including Superintendent of the System Control Center, where he was responsible for day to day operation of over 800 Megawatts of hydro generation assets and supervised 6 control room operators.
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  Previous to Brookfield, Mike has held multiple roles in the power business in the fields of operation, maintenance, startup and compliance.  He also spent one year in the U.S. Merchant Marines aboard the S.S. El Morro as a 3rd Assistant Engineer.

Mike graduated in 1996 from Stearns High School and holds a B.S in Marine Engineering Operations from Maine Maritime Academy. He currently resides in Millinocket, Maine, with his girlfriend Angela, and has three children, Brayden, Ella and Lily. "I am very fortunate to have been selected to join the Our Katahdin team. The group has tremendous vision, passion and drive to improve the region. For years, I have been looking for my way to help contribute to the cause of economic development in the region and have finally found that opportunity in Our Katahdin. This organization has the ability to help bring the towns together in a way that hasn’t been seen since the Millinocket Regional Hospital was built, back in 1955. Back then, they recognized the challenge, developed a viable solution and then made it happen by working together. At the turn of the 20th century, our forefathers found a way to bring economic greatness to a desolate, isolated land when they built the Great Northern Paper Company. Together, we will find a way to bring it back to greatness. The challenges have been identified and we need to work together to find viable solutions. Our Katahdin, its contributors and volunteers can help spark the necessary fires it will take to help the economic fire spread. I will gladly donate my time and effort in order to accomplish these goals and encourage others to do so as well, in whatever capacity they can,” Mike said.  SHOW LESS

Invest Today
 

230 Penobscot Avenue


Millinocket - Our Katahdin recently acquired the former Epstein's / Miller's building at 230 Penobscot Avenue. We are planning to restore this vital property to our downtown, but we'll need your help!  Learn how you can:

Invest directly in the restoration of this building through the purchase of Katahdin Corridor Revitalization Bonds

Share ideas for the future of 230 Penobscot Avenue