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September 6, 2011 Portlandbiz

Regional economic group nets $375,000 grant

The Greater Portland Economic Development Corp. has received a $375,000, multi-year grant to fund its job creation and business attraction and retention efforts in the greater Portland area.

The corporation is a regional public /private partnership that serves the communities of Portland, South Portland, Scarborough, Westbrook, Falmouth and Cape Elizabeth, and is working on a plan to attract and retain businesses in the region through marketing, work force development and links with institutions of higher learning, according to a press release. The corporation aims to be a single point of contact for businesses looking to locate, develop or expand in the region.

"A critical element of the corporation is to provide business growth services that are complementary to other organizations, like the Portland Regional Chamber, to strengthen the region's economic and innovative capabilities and opportunities," Erik Carson, economic development director for the city of South Portland and a corporation board member, said in the release.

The grant comes from the Greater Portland Public Development Commission, a state agency whose mission is to improve the economic health of the area. As part of the grant, the commission will maintain an advisory role to the corporation and monitor its progress and measures of success.

The GPEDC was formed in 2010 and is comprised of public and private sector representatives from the region, including individuals from each of the member municipalities, local chambers of commerce, private businesses, local universities and cultural institutions.

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