The city of Portland and GE (NYSE: GE) announced a strategic partnership aimed at helping to build a sustainable economy for the city by focusing on energy efficiency, distributed power generation and job creation by local businesses. At a gathering today at Portland City Hall, Mayor Sam Adams and GE representatives signed a Memorandum of Understanding (MoU) that lays out specific collaborative projects, along with a schedule of management meetings to track and measure project progress. Portland is the first city in the United States to have an MoU in place with GE on these sustainable economy efforts.