The proposal here, put forth by the Natural Resources Council of Maine, would require light-duty, zero-emission vehicles to make up 43 percent of salesfor model year 2027 and 82 percent of sales in model year 2032. Maine Agriculture The report also indicated that wages for logging equipment operators and log truckers in Maine are lower than those for comparable jobs in competing industries in the state. The Bureau of Economic Analysis tracks the annual value added by each industry within the state. As of May 24th, all State of Maine COVID-19 checklists have been retired. For more information please refer to general guidance recommendations. Browse topics related to the bicentennial. Governor Janet Mills announced today that 224 Maine forestry companies, the vast majority of them with ten employees or less, will receive a total of $6 million in initial grants from the Forest Recovery Initiative of Nearly 30,000 Mainers are employed in the states $637 million commercial fishing industry. Climate Driven: A deep dive into Maine's response, one county at a time, Maine Public on Your Voice Activated Device, Infrastructure work across Maine Publics footprint, WATCH: Video On-Demand TV Programs (including Maine PBS PASSPORT), WATCH: Maine Public Television Live Stream, Maine High School Basketball Championship Weekend, Watch Maine Public Television and Additional Channels with an Antenna, Listen to Maine Public Classical on Voice-Activated Devices, Teaching Resources for The Holocaust and Stories That Matter, Community Calendar - Virtual & Live Events in Maine, Maine Publics Fa-BOO-lous Vehicle Donation Drive with LEE, Facts About Maine Public's Federal Funding. Economy Maine has a small trapping industry, which, with 3,157 resident trappers, is nevertheless larger than that of most Eastern states (Source: Portland Boston as New England's busiest port (by tonnage), due to its ability to handle large tankers. The administration of Gov. Tselikis said the study is the first to examine the economic impact the dealers and processors have in getting the product to market. Use this collection to: Copyright 1999-2023 Technology Sectors Websites, reports, fact sheets, and articles related to the economic impacts and contributions of Maines food, fiber, and forest industries can be found below. The pandemic has fueled a 42% increase in the number of lab technicians, medical device manufacturers, chemists, engineers and other life science jobs in Maine over the last five years. Nearly $3 billion in retail cannabis taxes were collected in 2022. Initially, most of these people were sports in pursuit of the much-praised fishing and hunting experiences that had been extolled in published accounts, and their destinations were often one of the many rustic sporting camps that soon dotted the lakes. Maine news, sports, politics, election results, and obituaries. Nearly The loggers who run the harvesters and skidders in the forest. The inevitable conclusion based on a review of the new study and of the wage and employment study released last year is that logging is a critical Maine industry under threat that must be preserved if the state is to avoid a collapse of its forest products industry and the deep and irreversible impacts that would have on Maines economy, rural communities, and character, Doran said. Current (2023) Rank Trends. Maine is one of about half a dozen states that has tried to follow Californias clean vehicle standards. Although the sector has experienced a decline in the face of strong Resorts along Maine's coast and on its numerous islands attract many visitors to the state each Hart, Patricia H. Investment Imperative II Survey with 1,000 Maine Businesses: a Joint Research Project to Uunderstand Actions for Future Economic Growth in Maine. Ahead of a Thursday hearingbefore the states Board of Environmental Protectionthat would push Maine toward Californias aggressive electric vehicle standards, Lee Auto Malls Chairman Adam Lee said the proposed timeline from environmental groups may be too strict given the potential short supply and high costs in the emerging sector. Maine Economic Indicators Measures the contributions to the U.S. economy of activities related to the nations oceans, seaports, and Great Lakes. Quotation from National Historic Register file Dreamhome, Oxford County, Greenwood and Woodstock. Releases Registration is now open for this year's Maine Outdoor Economy Summit. This is one of many industry guidance documents for business that the State is preparing for businesses Kew said Maine's hospitality and tourism industry is an "enormous" sector for the state, as it is connected to more than 100,000 jobs and billions of dollars for the economy. WebThe Lobster Industry Contributes to Maine Economy. However, Maine needs more than individually successful companies to have a vibrant economy. That same year, the value of Maines agricultural production and processing industries represented 4.9 percent of total state GDP. Survey respondents reported $21.1 million in new capital investment, and76% of that was spent on new equipment. The former Crystal Lake Grange at Clearwater lake, which was torn down. Its yearly lobster catch is the biggest of any state. Webtourism industry contributes 20.8% ($10.082 billion) to the gross state product. The Maine maple industry has been growing in economic importance to the state, with more than 700,000 gallons of maple syrup made here last year. A new economic study shows that the lobster supply chain in Maine contributes $1 billion to the states economy each year and generates 4,000 jobs throughout the state. Data reflect state and local rates and revenues and any effect of federal deductibility. As a result, the state is one of the world's leading producers of paper products. WebTourism in rural Maine relies heavily on the ski and snowmobile industries. Justin Hynes (left) and Mark Murphy, who are both master certified automotive technicians at VIP Tires and Service, inspect an electric vehicle at Southern Maine Community College in South Portland on Wednesday Dec. 15, 2021. In general, the size of a states economy is correlated with the size of its population, though a number of other factors determine its ranking in economic output. year. Five states, including California and Texas, contribute about 41% of US GDP. (March 31, 2022). WebCOVID19 Prevention Checklist Industry Guidance. It includes the total dollar amount of consumption (products like cellphones and bread), government spending (on things like infrastructure and the military), business investment (a manufacturer building a new factory), and the net effect of trade (subtracting imports from exports). The latest figures from Maines Revenue Service show a deficit of more than $400 million in July alone, Hewins explained. In this Thursday, Dec. 10, 2015, file photo, live lobsters are packed and weighed for overseas shipment at the Maine Lobster Outlet in York, Maine. "Real Gross Domestic Product of Maine in The United States from 2000 to 2022 (in Billion U.S. This is enhanced by relatively low levels of regulation, taxation, WebStrategy TALENT November 15, 2019 Dear Governor Mills, Members of the Legislature and residents of Maine, This is a 10-year Economic Development Strategy for Maine. According to the Maine Office of Tourism, or MOT, 68 percent of all out-of-state visitors Its staggering. Timber Services in Maine industry statistics. The single largest increase came in the area of information. Maine He said the numbers are right on track with a study done earlier this year at the University of Maine, which predicted major losses to the states hospitality industry. Each states GDP is divided into the US GDP to determine the percent share that a state contributes to the national economy. moments. Economy of Maine - USAFacts Once a destination by boat or train and trolley, visitors shifted to the automobile after World War II and changed the structure of that industry from a summer colony atmosphere to a fast paced competition for food, lodging and entertainment for the highly mobile newcomers. Gross domestic product (GDP) refers to the market value of all final goods and services produced within a country in a given period. Last year also benefited from the contrast with 2020, when the state's economy was largely shut down for a time due to the pandemic. produces warships at the Bath Iron Works. tourism. Published by the Bureau of Labor Statistics (BLS), the official unemployment rate is the number of active job seekers divided by the labor force. Most economists are interested in the rate of growth. Now its remnants, like many bygone industries, have become the object of the curious, such as the Thompson Icehouse Museum in South Bristol. Maines Economic Year in Review: 2022 Michael Donihue, economics professor at Colby and project leader for the study, said Thursday in a prepared statement the supply chain may not be as conspicuous as the fleet of lobsters boats that come and go each day from Maines harbors, but that it nonetheless pays a significant role in the state economy. Maine in journalism from Boston University. WebIn 2020, Maine generated around $0.7 billion in agricultural cash receipts with the highest valued commodities being miscellaneous crops, potatoes, and dairy products, Real gross domestic product (GDP) by industry. Maria Fuentes, executive director of the Maine Better Transportation Association, said earlierthat the association supports voluntaryadoption, but we just think that were not ready to try to force fleets or manufacturers to move forward at this point.. The elvers are sold to Asian aquaculture companies that raise them to maturity for use as food. Nationally, GDP grew by 3.2 Census data and information from theU.S. Bureau of Labor Statistics was also incorporated. One persistent pattern, poverty and low educational attainment, may hamper the states economic growth potential as needed skills are in short supply and the social costs of poverty continue to grow. At $724,949,426, the landed value for the iconic fishery jumped by 75 percent over 2020, by far the single largest increase in value, year over year. It took into consideration upstream and downstream spending on total lobster purchases; wages and taxes; operating expenses and capital investment, among other facets of the industrys complicated supply chain. The economic study comes in the wake of a 2019 Maine Logger and Log Trucker Employment Availability and Wage Analysis. What is the Marine Economy Satellite Account? Survey respondents reported an average of 13 full-time equivalent employees per firm. MI. If we dont adopt the rule, manufacturers are going to comply with the mandate they have in other states and prioritize delivering vehicles to those states instead of Maine, Green said. Enhance cross-marketing and collaboration among economic development partners on existing programs that have value for defense companies, including PTAC services (Regional DoD Council matchmaking events, Industry Day events where primes identify

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