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Expand or Relocate to Maine
      

Maine Business Data

Relocate or Expand to Maine

ME business climate, manufacturer incentives, and advantages of local communities

Business Data for Maine


Population
1,318,301

Total Labor Force
705,242

Unemployment Rate
3.7%

# Manufacturers
1,911

Manufacturing Jobs
61,016

Right to Work
No

Unemp. Insurance Tax
.86–7.95%


Manufacturing stats updated on 11/13/2017. All other data updated on 11/13/2017. IndustryNet is not responsible for errors or omissions.
 
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
11% 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
 
Counties with the Most Mfg. Jobs
Cumberland - 19,547
York - 8,649
Androscoggin - 7,438
Sagadahoc - 6,438
Penobscot - 5,144

Cities with the Most Mfg. Jobs
Portland - 6,213
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)

Economic development agencies, chambers of commerce, and other organizations & businesses available to assist with your relocation to or from Maine

Topeka, KS
Striving to recruit new business & help companies expand in Kansas
Are you an economic development agency, chamber of commerce, or other organization in the business of helping companies relocate or expand? List your organization here and connect with growing businesses!
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