PORTLAND, Maine (NEWS CENTER) -- The city of Portland is hoping to attract businesses in life science and technology. And now it has a new tool to do it.
The city cut the ribbon on its new technology park off Rand Road today. There are three lots, ranging in size from 10,000 square feet to 40,000 square feet, all permitted and ready to go for businesses interested in growing in an environmentally friendly way. The park can grow to 7 lots by 2015.
Mayor Michael Brennan says the park is just one piece of the city's strategy to create jobs in a number of sectors. Brennan said, "It builds off some strengths we already have in this region. We obviously want to promote businesses that have low carbon impact, low environmental impact that are green, and we think this builds off assets we have in the community already."
The project was funded in part through a $660,000 grant from the U.S. Economic Development Administration. The city provided matching funds through its Capital Improvement Program. The mayor believes the first business could be breaking ground here within the year.