'Portland Press Herald' editorial foresees blossoming maritime business for Portland with proposed Âé¶¹´«Ã½public-private waterfront venture
On August 29, 2015, the Portland Press Herald published an editorial on the potential contribution to Portland’s blossoming economic relationship with Iceland that Âé¶¹´«Ã½may make as the result of a partnership it formed with Southern Maine Community College and a private business called the New England Ocean Cluster House.
The public-private partnership between the educational institutions and the Cluster House, the brainchild of an Icelandic businessman, has resulted in plans to create a marine-focused business incubator on the Portland waterfront, which could be a hub for both industry and research.
“Âé¶¹´«Ã½sees it as an opportunity to use work done in its marine research and pharmaceutical laboratories to bring commercial products to market,â€� the article stated.
The group plans to bid on state bond funds to bring the idea to fruition.
In conjunction with the fact that Eimskip, a major Icelandic shipping company, recently made Portland its North American headquarters, the proposed venture could, according to the article, lead to “an international relationship that could write a new chapter in Portland’s maritime history.�