$1.4 Million EDA investment in Washington County to establish the nations first marine energy manufacturing facility

By Ramona du Houx - September 21st, 2010 · 

The U.S. Department of Commerce’s Economic Development Administration (EDA) announced that Washington County will receive $1,423,480 for the construction and rehabilitation of the Eastport Business Center and the establishment of the Maine Marine Energy Center.

The new center will house companies that manufacture and assemble complex ocean energy sub-assemblies. This will be the first marine renewable energy manufacturing facility of its kind in the United States.

“This initiative represents another important step forward for job creation and clean energy advancement in Washington County,” said Congressman Mike Michaud. “Washington County’s location and dedicated workforce make it an ideal place to grow our ocean energy sector.”

According to EDA, it is expected that this investment will result in 75 jobs created and $23 million in private investment leveraged. This grant is funded under EDA’s Community Trade Adjustment Assistance Program, which is aimed at helping communities adjust to increasing competition in the global marketplace and create jobs to bolster the local economy.

Ocean Renewable Power Company has an office in Eastport and successfully demonstrated their new tidal power equipment last month. They have begun generating electricity from tidal power and feeding it to the grid. Last week ORPC received a ten million-recovery act grant to continue their research and implementation of the project. ORPC is expected to be involved in the development of the Maine Marine Energy Center.