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Portland, ME (2004)

Gulf of Maine Research Institute

Construction of a 44,000 sq. ft. marine research/education laboratory on the waterfront in Portland, with a mission of sup-porting the fishing industry in the Gulf of Maine.

Investment

  • NMTC Amount: $4,000,000
  • Total Project Cost: $17,000,000

IMPACT

  • 245 FTE jobs
  • 71 construction jobs
  • 44,000 sq. ft. of real estate

Investor

Project Description

Construction of a 44,000 sq. ft. marine research/education laboratory on the waterfront in Portland, with a mission of supporting the fishing industry in the Gulf of Maine. GMRI provides a collaborative platform for research partnerships among Maine’s leading marine research organizations, the fishing community, and private industry. GMRI’s new facility also includes an educational lab, where over 80% of Maine’s 5th and 6th graders participate in GMRI’s hands-on LabVenture! program annually. The project successfully secured traditional take-out financing in 2011.

MAP

Address: 350 COMMERCIAL Street, Portland, ME 4101

Census Tract: 23005000300

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