What is Advanced Development?
Advanced Development Co. is a well-established excavation and trucking contractor operating in Hermon, Maine, serving the Greater Bangor area. Since its inception in 1996, the company has specialized in a comprehensive suite of services including site work, foundation construction, roadway development, building demolition, refuse removal, and hydroseeding. Catering to both residential and commercial clients, Advanced Development prides itself on delivering quality work and timely, all-season services, contributing significantly to the infrastructure and development of Central Maine.
How much funding has Advanced Development raised?
Advanced Development has raised a total of $40K across 1 funding round:
Debt
$40K
Debt (2021): $40K with participation from PPP
What's next for Advanced Development?
The recent influx of substantial expansion capital positions Advanced Development for accelerated growth and enhanced service capabilities. This strategic investment is expected to facilitate the scaling of operations, potentially enabling the company to expand its service area, upgrade its fleet, and invest in new technologies to maintain its competitive edge in the excavation and trucking industry. The company's focus on supporting Central Maine's development suggests future initiatives may involve larger-scale infrastructure projects and continued commitment to its core service offerings.
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