For Immediate Release: 10/8/21
Press contact: Lindsay Tice, USM Public Affairs Associate, email@example.com, (cell) 207-838-8087
USM, UMaine receive $500K for economic development partnership
PORTLAND, Maine — The Economic Development Administration has awarded the University of Southern Maine and the University of Maine $509,000 over five years to fund the University Center for Economic Development, a collaboration of experts from the University of Maine System that will provide technical assistance and research for the implementation of the state’s 10-year economic development strategy.
The University Center will be led by internationally recognized experts in the Maine Center for Business & Economic Research (CBER), and UMaine’s School of Economics and the Margaret Chase Smith Policy Center, with specific programs that will focus on bolstering the state’s innovation networks and supporting workforce transitions due to technological changes.
“The center will have the strength and depth to be able to offer critical insights into the Maine labor market and provide a finger on the pulse of the economy,” said Andrew Crawley, UMaine assistant professor of regional economic development, who will serve as co-director of the EDA University Center along with Ryan Wallace at CBER. “The pandemic has changed the economic landscape across the world and Maine is no different. The challenges in recovery will be to understand how different sectors are performing and this will be an activity carried out by the center.”
Guided by an advisory board, the center will work closely with stakeholders statewide to inform research and technical assistance priorities. The initiative will support successful implementation and outcomes from the state strategies, while enhancing the competitiveness of Maine’s innovation economy and talent pool. Projects are expected to align with other focus areas, directly or indirectly, including advancing high-growth entrepreneurship, encouraging business expansion in the state's innovation clusters, and increasing the resiliency of Maine’s regions, all of which coincide with the state and regional economic development strategies.
“What we’re trying to do is explore how our entrepreneurs, human talent and businesses are networked,” said Deborah Strumsky, senior research associate for the Maine Center for Business & Economic Research at the USM’s Cutler Institute. “Right now, it’s a very disparate entrepreneurial environment, agencies and industries are highly siloed. Economically speaking, we can be so much more than the sum of our parts if we are working together. You need to understand all the parts of the innovation ecosystem, where they are, what they do, and how they interact if we want to build a more equitable and vibrant economy going forward, an economy that is better for everyone.”
The center’s work comes at a unique time in Maine. The pandemic has caused or accelerated economic stressors across the state, and it has exacerbated many of the challenges identified in Maine’s 10-year economic development strategy, including a lack of employees.
The center’s work is primarily within two EDA-defined focus areas — cultivating innovation and developing a high-skilled regional workforce. In addition, projects are expected to align with other focus areas, either directly or indirectly, including advancing high-growth entrepreneurship, encouraging business expansion in the state's innovation clusters, and increasing the resiliency of Maine’s regions, all of which coincide with the state and regional economic development strategies.
About the University of Southern Maine:
Situated in Maine’s economic and cultural center, the University of Southern Maine (USM) is a public university with 8,000 undergraduate and graduate students taking courses online and at campuses in Portland, Gorham and Lewiston-Auburn. Known for its academic excellence, student focus and engagement with the community, USM provides students with hands-on experience that complements classroom learning and leads to employment opportunities in one of the nation’s most desirable places to live.
About the University of Maine:
The University of Maine, founded in Orono in 1865, is the state's land grant, sea grant and space grant university. It is located on Marsh Island in the homeland of the Penobscot Nation. As Maine's flagship public university, UMaine has a statewide mission of teaching, research and economic development, and community service. UMaine is the state's only public research university and among the most comprehensive higher education institutions in the Northeast. It attracts students from all 50 states and more than 75 countries. UMaine currently enrolls 11,741 undergraduate and graduate students who have opportunities to participate in groundbreaking research with world-class scholars. UMaine offers more than 100 degree programs through which students can earn master's, doctoral or professional science master's degrees, as well as graduate certificates. The university promotes environmental stewardship, with substantial efforts campuswide to conserve energy, recycle and adhere to green building standards in new construction. For more information about UMaine, visit umaine.edu.