Gulf of Maine Research Institute

Portland,
ME
(2004)

Gulf of Maine Research Institute

Business Development, Research, Science and Tech

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

CDEs

CEI Capital Management

Investor

Unknown

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

Other Maine Projects

New England Forestry

Jackman,
ME
(2005)

Manufacturing, Rural, Timber and Agriculture

CDE(s): Bluehub, Rural Development Partners

The wood industry is one of the largest employers in the state of Maine accounting for approximately 19,000 jobs.

Athens Biomass

Athens,
ME
(2013)

Business Development, Energy, Manufacturing, Rural, Timber and Agriculture

CDE(s): CCG Community Partners

An existing successful vertically-integrated, third-generation family owned white wood pellet manufacturing and timberland business based on a 55-acre site in rural Athens, ME, added a new all-in-one biomass processor, boiler

Appalachian Mountain Club Maine Woods Projects

Piscataquis County,
ME
(2005)

Community, Manufacturing, Rural, Timber and Agriculture

CDE(s): CEI Capital Management

NMTC investments raise the profile of rural Maine as a premier, nature-based tourism destination.

Gulf of Maine Research Institute

Portland,
ME
(2004)

Business Development, Research, Science and Tech

CDE(s): CEI Capital Management

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.