Greenlight’s cluster focus

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Thursday, May 01, 2008

PORTLAND Greenlight Greater Portland, a recently formed, privately funded economic development group, has released its first analysis of greater Portland’s industry clusters, venture capital trends and workforce. Based on its findings, Greenlight says it will focus on three clusters for its first recruitment initiatives: alternative energy and environmental services, computer software and IT services, and design. For its retention initiatives, it plans to focus on computer hardware and electronics, metals and machinery manufacturing, and bioscience and medical devices. “The new money is all about alternative energy,” says Tim Priest, Greenlight’s CEO. The study showed that significant venture capital is being put into this area; VC dollars invested in alternative energy grew 260% nationally over the past five years.




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