The Midcoast Regional Redevelopment Authority board will convene for a quarterly meeting on Wednesday to adopt the 2018 proposed budget and discuss activity at Brunswick Landing.
MRRA Executive Director Steve Levesque said in a report that the authority currently owns 1,296 acres of land, hosting 100 private and public entities doing business at the former Navy base at Brunswick Landing and at Topsham Commerce Park.
Property lease and sales activity are strong, and there are 55 tenants under lease at both the Brunswick and Topsham locations, including 32 businesses at the Tech- Place facility. Levesque said there is still significant interest in the TechPlace facility, and there may be an expansion of the location in a year.
With a total of 100 private and public entities doing businesses at both locations, more than 1,000 people are employed full-time and 275 people are employed part-time, said the report. To date, $350 million in investment has been secured for the properties in four years, and local, state and federal money has been used to help finance critical improvements to aging infra- structure, said the report.
Levesque said it has been a busy construction year at the base, with the completion of a new sewer project, new access roads, and new office and industrial space. Development also includes improvements to hangars and the airport.
Levesque said in the report MRRA staff had a busy spring in business marketing efforts, working to recruit large business investments nationally and internationally. The primary focus this year has been the aerospace industry and information services, particularly cyber security and back office operations.
MRRA has been attending trade shows and events focusing on European and Canadian companies and has hosted several visits from foreign companies introduced through events. Upcoming events will be held in Switzerland, Wisconsin and Nevada.
The MRRA meeting will take place Wednesday at 4 p.m. at the Topsham Town Hall.
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