City of Portland, GE focused on sustainable prosperity together

The city of Portland and GE (NYSE: GE) today announced a strategic partnership aimed at helping to build a sustainable economy for the city by focusing on energy efficiency, distributed power generation and job creation by local businesses. At a gathering today at Portland City Hall, Mayor Sam Adams and GE representatives signed a Memorandum of Understanding (MoU) that lays out specific collaborative projects, along with a schedule of management meetings to track and measure project progress. Portland is the first city in the United States to have an MoU in place with GE on these sustainable economy efforts.

“The signing of today’s MoU is a milestone in our efforts to move forward aggressively on our city’s economic development strategy and our climate action plan,” said Mayor Adams. “I’m proud to bring Portland and GE together to benefit local entrepreneurs and innovators.”

According to the intent of the MoU, GE will partner with Portland to:

• Engage with local companies to help them develop and expand into new markets via global product licensing;
• Implement residential and commercial energy efficiency retrofits, develop EcoDistricts throughout the city, and work toward the completion of the world-leading Oregon Sustainability Center;
• Explore city finance needs via municipal, state and GE resources.

 “Portland is one of our nation’s most progressive and environmentally minded cities. By forging this partnership with GE and its technology, innovative solutions and other offerings, the city has demonstrated its commitment to sustainable growth,” said Peter Foss, GE’s General Manager of Special Programs. “Our work together here will serve as a model for future public-private partnerships in other cities across the country looking to boost local job creation.”

To view the MoU, please click here.

For more information visit Portland Online