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June 4, 2010

Initiative to attract foreign energy investment

Gov. John Baldacci rolled out a new foreign direct investment initiative Thursday at the Maine International Trade Center's Trade Day in Rockport to attract financial support for renewable energy, composites and advanced materials.

MITC in Portland will manage the program, which will include increasing outreach in international markets through trade shows, trade missions and investment seminars in targeted areas; developing international relationships in the renewable and advanced materials areas; and hiring a foreign investment attaché to work on targeted markets in Europe and Asia to bring foreign investment and joint ventures into the state, according to a press release from the governor's office.

Baldacci said interest from European firms in investing in Maine's energy sector has grown since a trade mission last year, resulting in several visits from investment groups, according to the release.

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