Elizabeth Noyce's development activities in Portland have coined the phrase "eco

Source

Biz

Date

4-1-1996

Pages

1, 16, 18

Abstract

Elizabeth Noyce's development activities in Portland have coined the phrase "economic philanthropy," the art of making investments no one else will touch. In 1990, with the banking industry in chaos, she bought Maine Bank & Trust, and it was profitable within 18 months. She acquired Crown Life, and simulataneously moved Maine Bank & Trust to a neighboring building on Congress Street. Her success with those buildings led her to an adjoining venture, the proposed fresh produce market on Cumberland Avenue. Details.

Subjects

Philanthropy, Noyce, Elizabeth B

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