Economic Development Division

About the Economic Development Division

The Division of Economic Development’s focus is to engage in business attraction and retention practices that will allow for the expansion of the business community in Gorham, thereby stabilizing and expanding the tax base and creating jobs for its citizens. Staff also participate in special development projects, including managing the Town's Revolving Loan Fund, grant applications, and regional planning efforts. The Division is staffed by two full-time employees who report to the Director of Community & Economic Development. The Economic Development team also works closely with the Gorham Economic Development Corporation (GEDC), a nine-member volunteer board of directors that meets monthly.

Gorham Economic Development Corporation (GEDC):

The Gorham Economic Development Corporation (or GEDC) is a nonprofit, quasi-governmental agency promoting business community engagement and economic development to create new attractions and jobs in the Town of Gorham. The GEDC is comprised of Gorham residents actively engaged in developing strategies and solutions to address the needs of businesses. By fostering strong working relationships with business leaders, town officials and others, the GEDC plays a crucial role in promoting economic development and serving as stewards to the business community. The Town offers a Revolving Loan Fund program, which provides competitive rates to Gorham businesses for loans up to $150,000 and terms up to 20 years. Businesses have used this program to boost inventory and expand their offerings, or to purchase property or new machinery.

Read more about the Gorham Economic Development Corporation.