|Current Backup Material|
The Portland Development Corporation, staffed by the Economic Development Division, provides a continuum of financial assistance to business and industry throughout the City and works to institute economic development programs in Portland to insure compliance to City’s goals, objectives and requirements.
Formed by the City in 1991, the PDC reviews and approves all requests for loans from the City’s Revolving Loan Program (RLP) and has provided more than 100 Portland businesses with over $5.5 million in financial assistance. Add in the Tax Increment Financing incentive program, and the PDC hashelped to stimulate over $121 million in new investment and create or retain more than 5,300 jobs for Portland. In the loan portfolio, every one dollar of City funds invested leveraged nearly $9.50 in private capital.
In order to qualify as a board member some or all of the following experience is required: commercial financing, small business operations, commercial real estate, marketing, and have an interest in or be active in economic development. Residency in Portland is not required.
Mayor Michael Brennan (Appointed by Council as Corporator of PDC)
Jack Lufkin, President
Mark Rees (Appointed by Council as Corporator of PDC)
Meetings are held the 3rd Thursday of every month
Room 209, Portland City Hall
4:00 – 6:00 pm
For further information on the PDC loan programs, to download a loan application or to learn about the comprehensive business assistance and advocacy programs offered to help streamline doing business in the City check our website.
Or visit the
Economic Development Office
Room 308, Portland City Hall
1 (800) 874-8144