Conway software developer Rapid Insight growing

By Tom Eastman

CONWAY — They call it the "aha!" moment, when the fog lifts and a clear path emerges.

8-15-16-Rapid-Insight Mike-LaracyRapid Insight founder Mike Laracy. (JAMIE GEMMITI PHOTO)For entrepreneur Mike Laracy, it happened during a mountain bike ride when he was living in Boulder, Colo., in the late 1990s.

"I came up with the idea for the algorithm that would automate the process of building predictive models on the ride," he said. "I got off my bike and spent 25 minutes pondering the idea."

Then in his late 20s, Laracy continued working as a predictive analytics consultant in Boulder while perfecting his software concept — which if successful would shorten the time needed to build predictive models from months to minutes.

In 2003, after coming to the Mount Washington Valley to visit his brother, Dr. Rich Laracy, and his family, the New Jersey native decided to move here and start his company, Rapid Insight, a Conway firm that specializes in predictive analytics software.

His brother, a pediatrician, and Rich's wife, Julie, a physical therapist, moved here in 2001. Their sister, Mary Hanson, an occupational therapist, and her husband, Jeff Hanson, a physical therapist, arrived in 2006.

Wheels: Take price guide with grain of salt

By Eric Meltzer

Regarding a transaction, I define a good deal as what a buyer is willing to pay for an item and what a seller is willing to accept and a great deal is less than the buyer is willing to pay but more than the seller is willing to accept.

Norway Bank sponsoring benefit fashion show

Norway-Savings-Bank Norway Savings Bank Manager Kristen Charette (left) and Mother Seton House Director Cyndi Broyer. (COURTESY PHOTO)FRYEBURG, Maine — Norway Savings Bank is sponsoring a benefit fashion performance on Sept. 17 at the Fryeburg Academy Performing Arts Center.

Mother Seton House Director Cyndi Broyer said: "Norway Savings Bank has been our bank since 2007. They and our many generous donors throughout Western Maine and Mount Washington Valley have supported our mission to help pregnant women, new mothers and infants in need."

Tickets are $10 and can be purchased at Papa's Floral in Fryeburg and Badger Realty in North Conway, or at the door on Sept. 17.

Mother Seton House is a non-denominational 501(c)(3) non-profit organization serving pregnant women, new mothers and infants in difficult circumstances, meeting the critical need for shelter, education, counseling, referrals, physical, emotional and spiritual support in a caring community. If you or someone you know is pregnant and in need, contact us at This email address is being protected from spambots. You need JavaScript enabled to view it. www.MotherSetonHouse.com.

 

Kearsarge Brook Condominiums groundbreaking set for Sept. 27

By Tom Eastman

CONWAY — Groundbreaking is set for Sept. 27 on the 18-unit first phase of the 106-unit, six-building Kearsarge Brook Condominiums at Cranmore.

8-17-kearsarge-brook-condosAn artist's rendering of the Kearsarge Brook Condominiums at Cranmore. (COURTESY PHOTO)"We are excited to announce that we will be breaking ground for Phase One of Kearsarge Brook Condominiums at Cranmore," said Brian Fairbank.

Fairbank is developing Kearsarge Brook with fellow Cranmore owners Tyler Fairbank and Joseph O'Donnell.

The project was first proposed in 2014 but was stalled by land-use issues. With those matters resolved, Cranmore in December announced that sales for the project would commence on Dec. 28. That was followed by Tuesday's announcement regarding the start of construction with the planned groundbreaking.

"It takes a lot to put together a $50 million development like Kearsarge Brook," Fairbank continued. "On Sept. 12, we'll start installing utility lines in preparation for the official groundbreaking Sept. 27. I'm happy to say that our Kearsarge Brook owners will have have keys in hand in the fall of 2017."

Part of an extensive redevelopment of Cranmore's base area, Kearsarge Brook's Phase One includes 18 two- and three-bedroom residences offering views of Cranmore's slopes and the surrounding White Mountains.

The units will provide ski-in/ski-out access to the slopes as well as a variety of amenities, including gated parking, private ski lockers and special discounts. List prices run from $395,000 to $599,000, the latter being for a penthouse.