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37 E C O N O M I C D E V E L O P M E N T S P E C I A L A D V E R T I S I N G S E C T I O N E C O N O M I C D E V E L O P M E N T W elcome to Scarborough, home to just over 22,000 people and 17,000 jobs. Scarborough attracts both residents and businesses because of its unique blend of rich natural resources and unbeatable location. With four beaches, a 10-minute commute to downtown Portland, direct access to the Maine Turnpike, the Scarborough Marsh, and the Eastern Trail, Scarborough is committed to balancing the needs of business while preserving those elements that are the basis of our attraction. Economic Vitality Scarborough added 3,200 net new residents (17% increase) between 2010 and 2020 according to the 2020 Census, more than any other community in the state, and is now the seventh most populous municipality in Maine. Housing units increased by 20% in this same time-period, with a rise in multi-family development help- ing to diversify the types of units available in town. e number of jobs increased by more than 2,300, resulting in Scarborough ranking as the sixth largest community in Maine as of the third quarter of 2021. Health care is our largest economic sector lead by MaineHealth, Martin's Point, and several specialty practices. Retail is the next largest sector, followed by manufacturing. Cabela's, Walmart, Homegoods and Lowe's are just some of the retailers choos- ing Scarborough as a location. In addition, Hannaford's corporate headquarters is located in Scarborough. Abbott Labs leads the way in the manufacturing sector, with this bioscience company making an international impact with the production of COVID testing kits. Evolution of Business in Scarborough With the approval of e Downs, a mixed-use project situated south of the municipal complex, Scarborough has the opportu- nity to rethink a town center. is 500+ acre project is the largest development in the town's history and includes housing, office, retail, and manufacturing. Also included is a trail system and the potential for additional civic uses around a town green. Part of e Downs includes the Innovation District, geared toward modern manufacturing and flex space. is area of e Downs is sold out, with IDEXX purchasing the largest area within the Innovation District for a new manufacturing facility. With the Innovation District sold out, the next focus area will be the Town Center. Over the next year, plans for the Town Center should begin to take shape. Another major milestone for Scarborough is the renovation and revitalization of the former public safety building in the heart of Oak Hill. Made available for redevelopment by the completion of a new public safety building, this site, known as Firehouse Village, came to life with an excit- ing renovation that included Harbor Fish and Rosemont Market. ese two retailers incorporate visual elements of the former fire station in the architec- ture. Additional businesses on the site include a restaurant, a gym as well as housing in the near future. e Enterprise Business Park, located next to e Downs, also welcomed new development over the past year. Mint Salon Block on Technology Way is complete and Bluebird Storage is under construction. SEDCO Mission With all the development happening in Scarborough, it's good to know that there is a resource for new and expanding businesses. e Scarborough Economic Development Corporation (SEDCO) provides a first contact for those starting their projects – whether you are a start-up or a seasoned developer. SEDCO serves as the economic development department for the town of Scarborough with a mission to develop, support and promote sustainable economic development practices. SEDCO's website provides a wealth of demographic, eco- nomic and community-based information for those seeking to grow or expand in Scarborough. SEDCO, in partnership with our local Chamber and Scarborough Buy Local, keeps residents and businesses up to date on what's happening with the Business Update Scarborough (BUS) facebook page. is year, SEDCO will be rolling out a digital small business hub to make sure small businesses have easy access to resources to help them grow. Look for the new resource to debut in late fall of 2022. l Top photo: Throttle, located in The Downs Innovation District, is a new 35,000 square-foot facility that offers a private club, public event space, storage and specialty services for car enthusiasts. Above: Firehouse Village represents the transformation of the former public safety building and property into a mixed-use project in the town center, developed by a partnership between Jack Soley and Tim Hebert. Town of Scarborough A Fresh Approach: Grow your Business in Scarborough P H O T O C O U R T E S Y O F T H E D O W N S . P H O T O C O U R T E S Y O F S E D C O Town of Scarborough Scarborough Economic Development Corporation (SEDCO) 360 U.S. Route 1, Suite 204, Scarborough, ME 04074 Karen Martin, Executive Director (207) 883-4893 / hello@sedcomaine.com SEDCOMaine.com / VisitScarboroughMaine.com