City to Recognize Businesses for Outstanding Achievements and Economic Impact to Portland

11/16/2005 - Portland, Maine: The City of Portlandís financial lending board, the Downtown Portland Corporation (DPC) will be recognizing three Portland businesses at their annual meeting being held tomorrow night, November 17th in the State of Maine Room, Portland City Hall. The awards presentation will begin at 5:15 p.m.

The award recipients are:

2005 Economic Development Achievement Award
The Gulf of Maine Marine Research Institute

2005 Business of the Year
Oakhurst Dairy

2005 Small Business of the Year
Designs by Lucinda

The award recipients are being recognized for their outstanding business practices and their significant contribution to the economic growth and stability of the City of Portland.


2005 Economic Development Achievement Award
The Gulf of Maine Marine Research Institute

The Gulf of Maine Research Institute officially opened its $17 million world class marine research and education facility in early October. The 44,000 square foot Institute, located in the heart of Portlandís working waterfront, will support fisheries ecosystem research, feature an interactive marine education center and will promote collaboration among scientists, fishermen and other marine stakeholders. GMRI has the potential to make Portland a national center for marine research and education. Growth is already in the Instituteís sights as it has begun planning for a 20,000 square foot marine biotechnology research wing.

2005 Business of the Year
Oakhurst Dairy

Oakhurst Dairy has been a local, family owned Portland business since opening its doors in 1921. Beginning with just two horse-drawn milk wagons, Oakhurst has grown steadily at its plant on Forest Avenue earning a reputation for superior service and fresh, high-quality dairy products. The company employs approximately 250 people and, the dairy processes and packages as much as 120,000 gallons of milk each day, six days a week. This past year, Oakhurst completed an $8 million dollar dairy expansion to increase its capacity. Oakhurst Dairy gives ten percent of pre-tax profits every year to not-for-profit organizations that help children and our environment.

2005 Small Business of the Year
Designs by Lucinda

Designs by Lucinda creates handcrafted wearable art in the form of lapel pins. These pins are sold by non-profit organizations to raise money and bring awareness to their causes. Lucinda Yates created her first pin at her kitchen table in a rented apartment. Today the $2.5 million operation is housed in an 8,000 square foot facility at 475 Riverside Industrial Parkway and employs from 40-70 people. Since its inception in 1988, the company has sold more than 4 million pins and helped raise over $22 million for good causes.

Please join us at our Annual Meeting and Business Awards Presentation

Thursday, November 17, 2005
4:30 p.m. - 6:30 p.m.
Portland City Hall
State of Maine Room

Contact:
Liz Darling
Marketing and Promotions Manager
(207) 874-8681

or

Jack Lufkin
Economic Development Director
(207)874-8945