Magazine article Nation's Cities Weekly

Cities Enter the World of Business

Magazine article Nation's Cities Weekly

Cities Enter the World of Business

Article excerpt

European tourists are being drawn to adventure vacations in Maine thanks to a public-private partnership between the city of Bangor and Travel Concept Inc., a local tour operator. Specializing in wilderness canoe trips, whitewater rafting and snow mobile trips, the company hopes to find a market with high-end German, Austrian and Swiss travellers.

With headquarters in both Bangor, Maine and Bremen, Germany, Travel Concept has the potential to generate a great deal of capital not only for Bangor, but for the entire state and region. Thus, it is not surprising that the state of Maine and the city of Bangor have taken a direct interest in financing this project.

The Finance Authority of Maine has allowed current and future investors a 30 percent tax credit for their investment. Additionally, Travel Concept has received $50,000 in loans from the city of Bangor itself. A development grant from the Community Development/Business Development Loan Program accounts for half the financing, while the remaining $25,000 was provided by Bangor International Airport. The Airport was able to invest through the BanAir corporation, a non-profit development program established by the City of Bangor.

This type of partnership between government and business is not new to Bangor or to many other cities who are taking innovative steps to attract local and international business to their areas.

Small Business in

Reno and Sacramento

Russ Shively, vice-president of Ebara International Corporation describes his move to Reno as one of the best decisions he ever made. He said government is making it relatively easy to do business. "ll levels of government work very closely with you... It is just a total different atmosphere," he said. The private sector is also increasing Nevada's appeal to new business through its Corporate Service Center which helps new businesses adjust. …

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