Maine's Rank in Exports to . The Clean Water Act of 1972 is passed and environmental stewardship in the industry continues. In Maine, hospitals are the largest industry, accounting for 4.8% of the state's total GDP of $67.7 billion. Industry Revenue trending_up STATE ECONOMIC PROFILE Top Companies in Maine Top 10 Companies Headquartered in Maine by Employment Company Employment Employment % insert_chart_outlined However, it is to be noted that over the past five years, the industry's performance has been severely affected due to the increased use of generic pharmaceuticals and patent expiration of various commonly used drugs. The Department of Labor is an equal opportunity provider. Maine's Biggest Industries: Structural Overview of the Maine - NEFIS We will always need paper and paper productsespecially recyclable, environmentally conscious options. At this 250,000 square facility in Westbrook, IDEXX Laboratories produces veterinary, clinical and environmental diagnostic and quality testing equipment. The pulp and paper industry was cool before many of us were ever born. Those numbers come from the Maine Office of Tourism, which reports that tourist-related visitation increased by nearly 30%. Over the next five years, the US's Health And Medical Insurance Industry is estimated to grow due to various factors, including a consistent rise in healthcare expenditure, medical cost inflation, etc. Employment in leisure and hospitality has been hit particularly hard, down 18,000 (27%) through August 2020. Learn more about how Statista can support your business. Warren company becomes the largest mill in the world and in 1884 adopts this new method of making paperthe first mill in the country to do so. Hes focused on opening up new markets to Maine products, addressing workforce shortages and preparing young Mainers to work in these fields, and fighting federal regulations that dont work for Maine. Temporary Shelter for Asylum Seekers Closes in Maine's Largest City The transportation equipment industry ranks as Maines largest industrial sector based on number of jobs, employing 18% of the states industrial workers. Maine Shipbuilding Sailing Ships Maine (See a sample profile here.). He also led the delegation to urge the president to intervene directly. PDF USMCA Maine State Fact Sheet - International Trade Administration The industry holds more than 20% of all the corporate bonds in the country and represents the most significant source of bond financing for the countrys businesses. federal funding from private sector organizations that target the industry while flouting this science. Browse all of our state news here. An investor-owned utility like CMP serves a . Maine is home to a diverse set of industrial enterprises, from L.L. The General Dynamics subsidiary is one of the Navys largest shipyards and builds guided-missile destroyers, the workhorses of the Navy fleet. I'm not sure. Maybe not much has changed after all? Marine/Aquaculture Food/Agriculture Outdoor Recreation Forest Products Forest products have driven Maine's economy for centuries. Subscribers can select up to 40 data points on any manufacturing company in the U.S. to help identify or pre-qualify leads. I wanna say seafood. Maine rises from a jagged Atlantic coastline in the east to the state's highest point, Mount Katahdin, nearly a mile above sea level at the northern end of the Appalachian Trail in the center of the state. Bangor, Maine - Wikipedia 2. GDP $ 84 Billion College Educated 46.6% Population 1,385,340 Capital Augusta Median Income $ 39,725 Maine's 35,380 square miles make it the largest of. Get a live database of industrial contacts, built exactly for what you're selling. 1930-1970s Other forested states in the country continue to successfully make paper, forcing Maine to adapt with the competition. In 2019, Maine was the 45th-largest state exporter of goods in the United States. (ERS 2022). Accessed August 22, 2023. https://www.statista.com/statistics/1065013/maine-real-gdp-by-industry/, BEA. The contract, which takes effect Monday, raises pay a range of 2.6% to 9.6% in the first year with differences due to a mid-contract wage adjustment that already took effect for some workers, and will be followed by a 5% increase in the second year and 4% increase in the third. S.D. (More). Canada was the number buyer of fresh blueberries by far, followed by South Korea. Temporary shelter for asylum seekers closes in Maine's largest city Posted by IndustrySelect on Monday, October 25, 2021, Reach U.S. manufacturers, suppliers, and industrial service providers with, IndustrySelect is the Industrial Database, Sales Marketing Recruiting Research, Above a look inside an ND Paper facility. The mineral wealth of the state is considerable. Industry Employment & Wages; Occupational Employment & Wages; Demographics of Employment & Unemployment; Economic Indicators; Prevailing Wages; . Sailing Ships Maine is a project of Sailing Ships Portland, a 501(c)(3) non-profit organization. Employing 2,500, the company is Maines second-largest industrial employer. Health care & social assistance (17%) and government (16%) are the sectors with the most jobs in Maine. American Lobster | NOAA Fisheries Maines total employment continued to grow in 2019, adding 5,100 jobs for a total of 635,500 jobs. Sign Up For Alerts, [mrp_rating_result no_rating_results_text="No ratings yet" before_count="(" after_count=" ratings)"], Northeast Forest Information Source, 2023. Support Local Businesses With Our Maine Gift Guide, 7 Maine Food Festivals You Dont Want to Miss. We appreciate our employees participation in the process. Available: https://www.statista.com/statistics/1065013/maine-real-gdp-by-industry/, Real value added to the gross domestic product of Maine in the United States in 2022, by industry, Immediate access to statistics, forecasts & reports, U.S. fruits and vegetables market size 2011 to 2023, Sales of fresh fruit in the U.S. 2022, by type, Consumer price index for fresh fruit in the U.S. 2007-2022, Sales growth of fresh fruit in the U.S. 2022, by type, Leading organic produce items sold in the U.S. 2022, by category, Per capita consumption of fresh fruit in the U.S. 2000-2021, U.S. per capita consumption of canned fruit 2000-2021, U.S.: per capita consumption of dried fruit 2000-2022, U.S. per capita consumption of frozen fruit 2000-2021, U.S.: per capita consumption of fresh fruit by fruit type 2021, Consumers' preferences fruits and vegetables in the U.S. in 2022, by look, Consumer awareness of fresh produce brands U.S. 2022, Frequency that consumers purchase pre-cut fruits and vegetables in the U.S. in 2022, Share of U.S. consumers purchasing fresh produce without packaging 2022, by region, U.S. per capita consumption of fresh citrus fruit 2000-2021, U.S. per capita consumption of fresh avocados 2000-2021, U.S. per capita consumption of fresh grapes 2000-2022, U.S. per capita consumption of fresh watermelons 2000-2021, U.S. per capita consumption of fresh pears 2000-2021, U.S. real value added to GDP in Michigan 2022, by industry, U.S. real value added to GDP in Oregon 2022, by industry, U.S. real value added to GDP in Washington D.C. 2022, by industry, U.S. real value added to GDP in Alabama 2022, by industry, U.S. real value added to GDP in Montana 2022, by industry, U.S. real value added to GDP in Rhode Island 2022, by industry, U.S. real value added to GDP in Hawaii 2022, by industry, U.S. real value added to GDP in Nebraska 2022, by industry, U.S. real value added to GDP in Arkansas 2022, by industry, U.S. real value added to GDP in Kentucky 2022, by industry, U.S. real value added to GDP in North Dakota 2022, by industry, U.S. real value added to GDP in Indiana 2022, by industry, U.S. real value added to GDP in Minnesota 2022, by industry, U.S. real value added to GDP in Connecticut 2022, by industry, U.S. real value added to GDP in Oklahoma 2022, by industry, U.S. real value added to GDP in Wyoming 2022, by industry, Real value added to the gross domestic product of Maine in the United States in 2022, by industry (in billion chained 2012 U.S. dollars), Find your information in our database containing over 20,000 reports, Finance, insurance, real estate, rental, and leasing, Educational services, health care, and social assistance, Arts, entertainment, recreation, accommodation, and food services, Agriculture, forestry, fishing and hunting, Mining, quarrying, and oil and gas extraction. US Steel, once a symbol of America's economic might, is now for - CNN Profit from the additional features of your individual account. They rely on a skilled workforce, responsible use of our states abundant natural resources, and the hard work of generations of Mainers. Employment by Industries: breakdown of the primary industries for residents of Maine, though some of these residents may live in Maine and work somewhere else. Currently, you are using a shared account. What is Maine's biggest industry? Maine`s top industries. Growth by Industry - Maine.gov Comprising only Private and Public defined benefit pension plans, it is estimated that the Retirement and Pension Plans Industry of the US will grow annually by 2.1% over the next five years. Maine workers and immigrants from around the world came to these mill towns, introducing new cultures and creating bustling, thriving communities. Many varieties of granite, including some superior ornamental types, have been used for construction throughout the nation. Although this could be viewed as a structural weakness, Portland and the surrounding areas rely on a strong business culture of small to mid-size, privately owned companies. The state leads the nation in wild blueberry production and ranks second for maple syrup, but potatoes lead the way as the largest crop growing in the states rich soil. Maine Rankings | US News Best States - U.S. News & World Report Now, it's the subject of a bidding war among . r/Maine - Data: Tourists spent $7.9 billion in Maine in 2021 Chart. Lets take a look at a (brief) history of the industry in the Pine Tree State. 1. According to MNI, Portland is Maines largest city based on number of industrial jobs, with 6,076 workers. The Life Insurance And Annuities Industry has been reported as one of the countrys most significant sources of investment capital. WASHINGTON Senator Angus King (I-ME) and Congressman Jared Golden (ME-02) reintroduced their Future Logging Careers Act this week with Senator Susan Collins (R-ME) and Congresswoman Chellie Pingree (ME-01) as cosponsors. An aquaculture industry thrives, too, thanks to the states 5,300-mile coastline of clean water and abundance of freshwater the most of any state east of the Mississippi River. The second largest segment was government (and related enterprises) representing 14%, and experienced a decline of .06%. The companys facility encompasses 630,000 square feet I n Auburn and employs 500. Machinists Union Local S6, which represents about 4,200 production workers, touted the biggest pay raises by percentage since the union's founding in the 1950s. 10 Biggest Industries in the World in 2021 Thats how far back Maines history in the industry goes! Maine Agriculture - Farm Flavor Jared has used his position on the House Armed Services Committee to help protect these good shipbuilding jobs and ensure our countrys finest warships are Bath-built, best-built far into the future. ND Paper, LLC, Rumford Mill (Rumford, ME). How SoftBank's Arm Plans to Ride the AI Wave to Biggest IPO of 2023 However, all this revenue growth has been outweighed by the highly negative financial impact of the coronavirus pandemic. (Image courtesy of, Looking to reach decision makers in the industrial world? What are the main products of Maine? There is a significant emphasis on business growth throughout the greater Portland area. With only a few exceptions, the largest industry in each state is real estate. WASHINGTON Congressman Jared Golden (ME-02) sent a letter yesterday to the National Oceanic and Atmospheric Administration (NOAA) urging the agency to release additional information on its investigation protocol and how it shares findings with the public regarding the causes of a recent increase in whale strandings along the At, Washington, D.C.In response tothe National Oceanic andAtmosphericAgency(NOAA)favoring the shipping industry over the lobster industry in its attempts to reduce the risk o, WASHINGTON Following the unsubstantiated and speculative decision by Monterey Bay Aquarium's Seafood Watch to place Maine lobster on their seafood Red List, Congressman Jared Golden (ME-02) and Senator Angus King (I-ME) today announced that they will be introducing the Red Listing Monterey Bay Aquarium Act in the House and Senate, Golden, Armed Services Chairman Adam Smith Visit BIW in Advance of End-of-Year Defense Bill Negotiations, Jared has worked hard to make sure he understands the challenges Mainers working in these industries face.

Tom Izzo Coaching Camp, 200 Surgeon Generals Court, Medical Student Daily Schedule, Articles W