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Portland was one of three factory towns built surrounding the Portland Cement plant, now Holcim. The town is located along State Highway 115 in Fremont County, Colorado and is east of Florence. The other two factory towns nearby are Concrete and Cement.
Map of Portland, CO 81226, USA
A post office called Portland was established in 1900, and remained in operation until 1952. The community was named for the fact Portland cement was manufactured here.
References
Portland, Fremont County, Colorado Wikipedia(Text) CC BY-SA