Silicon Valley Investor Aims To Create Tech Hub In Maine

By PYMNTS

A new research institute in Portland, Maine, is intended to electrify the local economy and provide a hub for multiple career fields outside of the major cities that dominate most tech job searches.

The test project was introduced Monday (Jan. 27) by a host of officials including Gov. Janet Mills and Mayor Kate Snyder, who gathered on the riverfront and announced the project that they hope will be their savior from the flailing productivity growth and starved business formation numbers.

The city has 66,000 residents, and city officials have been worried about how things will develop in the future — things can’t survive only on lobstering and tourism, and former jobs in forestry and fishing have declined in recent years.

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