Population
1,318,301
Total Labor Force
705,242
Unemployment Rate
3.7%
# Manufacturers
1,904
Manufacturing Jobs
60,632
Right to Work
No
Unemp. Insurance Tax
.86–7.95%
Manufacturing stats updated on 3/6/2018. All other data updated on 11/13/2017. IndustryNet is not responsible for errors or omissions.
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Corporate Income Tax
Graduated: 3.5% for $0-$25,000; 7.93% for $25,000-$75,000; 8.33% for $75,000-$250,000; 8.93% on $250,000 and above.
Sales Tax
5%
Property Tax
Varies by county and municipality. Both real and
personal properties are taxed.
Leading Mfg. Industries
(by # of employees)
18% Transportation equipment 12% Food and kindred products 10% Lumber and wood products 8% Industrial machinery and equipment 8% Printing and publishing
Largest Mfg. Employers
(by # of employees)
Bath Iron Works Corp. (Bath) - 5,800 Pratt & Whitney (North Berwick) - 1,850 IDEXX Laboratories, Inc. (Westbrook) - 1,800 Fairchild Semiconductor International, Inc. (South Portland) - 850 Sappi North America (Skowhegan) - 800
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Counties with the Most Mfg. Jobs
Cumberland - 19,408 York - 8,694 Androscoggin - 7,438 Sagadahoc - 6,438 Penobscot - 5,144
Cities with the Most Mfg. Jobs
Portland - 6,076 Bath - 5,935 Westbrook - 4,011 Auburn - 3,718 South Portland - 2,756
Mfg. Related Business Incentives
• Business Equipment Tax Reimbursement • Tax Increment Financing (TIF) • Employment Tax Increment Financing • Pine Tree Development Zones • Technology Tax Credits • Community Development Block Grant Program (CDBG) • Maine Technology Institute (MIT) Funding • Small Enterprise Growth Fund • State Small Business Credit Initiatives • Economic Recovery Loan Program • Regional Economic Development Revolving Loan Fund • Agricultural Marketing Loan Fund • Maine Seed Capital Tax Credit Program • Maine Economic Development Venture Capital Revolving Investment Program • Major Business Expansion Bond Program • Revenue Obligations Securities Program • Secondary Market Taxable Bond Program; Secondary Market Tax-Exempt Bond Program • Business Equipment Tax Exemption Program (BETE)
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