On Friday, May 10, Daimler Truck North America (DTNA) announced two significant investments at its headquarters complex on Swan Island. The company will invest $40 million for a new engineering facility and $3 million for a new electric vehicle supply equipment (EVSE) training center which will be located adjacent to Electric Island at DTNA’s campus.

The EVSE training center is funded in part by a $1.5 million forgivable loan authorized by Prosper Portland’s Board of Directors on Tuesday, May 7, while the DTNA engineering facility will receive a five-year tax abatement via the Enterprise Zone (E-Zone) program in addition to a $700,000 forgivable loan from the State of Oregon’s Strategic Reserve fund.

Prosper Portland Executive Director Kimberly Branam said, “We’re excited by today’s announcement. As a major employer, corporate leader, and close partner for decades, DTNA is once again demonstrating its commitment growing future-ready jobs in advanced manufacturing, engineering, and design in our city. This decision underscores Portland’s position as a leader for green innovation and the deployment of DTNA’s cutting-edge technology will have positive impacts around the world.”

To read the full press release from DTNA, click here.