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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
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.
 
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
 
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)

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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