Our holistic approach to economic development brings communities and strategic partners together to address specific needs. We then offer technical assistance that plans for, attracts and retains investment. Our partners at Highstead Foundation and Harvard Forest (Harvard University) anticipate the impacts of land development on ecosystems and economic prosperity through information and online tools. Acadia Capital Management generates investment through Opportunity Zones, boosting growing industries and creating sustainable jobs.
The Town of Bucksport, in partnership with EMDC and the U.S. Environmental Protection Agency, has developed a community-supported vision and plan for the redevelopment of the former paper mill property in Bucksport. The realistic vision includes anchor tenant Whole Oceans, an enhanced port, community hub, walkway, and other plans that generate economic growth in Bucksport and throughout the region.
This roadmap outlines how we developed a regional strategy that supports economic growth and stability, and created a workforce plan that supports retraining that is focused on growing industries.
The analysis focuses on the need for a “reboot” to identify industries poised to become the new economic drivers in this region, and identifies workforce characteristics and workforce development strategies to support those industries.
The US Economic Development Administration designated EMDC to be responsible for the Comprehensive Economic Development Strategy (CEDS), which engages community leaders and representatives of the private sector to create a holistic plan. This plan takes stock of our assets across Penobscot, Piscataquis, Hancock, and Waldo Counties and lays out a roadmap for the future of our region.
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