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.
|
|
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
|
|
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)
|
