Our View: Alfond grants are a bet on Maine’s future

Much of the Alfond Foundation’s $240 million gift will be dedicated to the University of Southern Maine’s Portland campus. Rendering courtesy of University of Southern Maine

Who says that there’s no good news anymore?

On Wednesday, the Alfond Foundation, one of Maine’s leading philanthropic organizations, announced a massive series of grants totaling $500 million, targeted to build our economic future.

The foundation will distribute funds to eight Maine colleges, universities and organizations that will support science and technology education, which will put students in a position to fill some of the best-paid and most in-demand jobs in the regional economy. A shortage of skilled workers is one of the biggest impediments to economic development in the state.

These gifts won’t be a benefit for the institutions and the students who build their skills. It’s a bet on Maine’s future at a time when powerful economic forces have taken a toll

Read More
Read More