Portland City Council Approves Wex Inc’s Plan to Build New Headquarters by Waterfront
NEC member WEX is one step closer to building a new global headquarters in Portland, ME, after the City Council’s Economic Development Committee approved Wex’s bid.
Wex, a Maine-based international technology company, currently has 800 of its 2,700 employees in Maine and will add an additional 500 with the completion of their new building. The new global headquarters will not only be of use to Wex as a recruiting tool, but it will also be of great value to the city of Portland. The proposed building would be 100,000 square feet and four stories with 10,000 square feet of retail space. The City Council is expected to finalize the deal on August 21st.
“We’re looking forward to hearing from the public regarding the committee’s selected development proposal and our purchase and sale agreement,” City Councilor David Brenerman, chair of the city’s Economic Development Committee, said in a written statement. “This is truly an exciting opportunity to attract the world headquarters of a major Maine-based international business that will bring almost 500 new high-quality jobs to Portland’s eastern waterfront.”
The New England Council congratulates WEX on its continued growth and success. Read more in the Portland Press Herald.