Population
1,318,301
Total Labor Force
678,735
Unemployment Rate
3.5%
# Manufacturers
2,002
Manufacturing Jobs
60,658
Right to Work
No
Unemp. Insurance Tax
.86–7.95%
Manufacturing stats updated on 6/29/2016. All other data updated on 6/29/2016. 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)
17% Transportation equipment
11% Food and kindred products
10% Lumber and wood products
9% Industrial machinery and equipment
8% Printing and publishing
Largest Mfg. Employers
(by # of employees)
Bath Iron Works (Bath) - 5,800
IDEXX Laboratories, Inc. (Westbrook) - 1,800
Pratt & Whitney (North Berwick) - 1,300
Fairchild Semiconductor International, Inc. (South Portland) - 850
Sappi Fine Paper Of North America (Skowhegan) - 800
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Counties with the Most Mfg. Jobs
Cumberland - 18,960
York - 7,842
Androscoggin - 7,796
Sagadahoc - 6,443
Penobscot - 5,157
Cities with the Most Mfg. Jobs
Portland - 6,006
Bath - 5,929
Westbrook - 3,834
Auburn - 3,663
South Portland - 2,807
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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