City, PDC team for $1M cleantech grant disbursement
By Christina Williams
Sustainable Business Oregon editor
The city and Portland Development Commission will team to formally distribute a grant to develop the region's clean technology sector.
The Portland City Council is expected to give a stamp of approval this week to an intergovernmental agreement with the Portland Development Commission to administer a $1 million grant from the U.S. Economic Development Administration targeted at growing the city's cleantech cluster.
The grant is part of a $2.1 million cleantech grant awarded to multiple agencies and announced last September, which was given through the Jobs and Innovation Accelerator Challenge program.
The Portland Regional Clean Tech Advance Project, as the grant administration effort is being called, also involves Worksystems Inc. and the Oregon Microenterprise Network.
PDC's portion of the grant, $1 million, requires a formal agreement with the city to disperse the cash.
The PDC portion of the grant will be funneled into the business community in three ways:
- Commercialization grants. PDC will partner with OregonBEST and provide funding for its commercialization grant program.
- Supply chain development. PDC will further fund its effort to help existing companies get into the business of supplying new cleantech sectors. The PDC's work with the wind energy cluster is one example.
- Research and development. PDC will work with Manufacturing 21 and area universities to connect companies with researchers under a program called Northwest Collaboratory for Sustainable Manufacturing.
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