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October 30, 2007

Report calls Portland central to state economy

A report released yesterday by the Portland Regional Chamber of Commerce shows Portland plays a key role in the state's economy.

The report, "Looking Out for Portland and the Region," claims the city generates almost 43% of the gross state product, more than 44% of Maine's total personal income and more than 42% of jobs in the state.

Charles Colgan, an economist at the University of Southern Maine, told the Portland Press Herald it shows the state is moving toward a more urban-based economy. The report was commissioned by the chamber and conducted by PolicyOne Research in Scarborough, according to a press release. The full report can be read here.

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