Bangor, Maine Coordinates: 444811N 684603W Bangor ( / br / BANG-gor) is a city in and the county seat of Penobscot County, Maine, United States. There are fewer workers, but they are highly trained, highly skilled, and highly paid as Maine remains an important player in the industry. Click on a star to rate it! (S) Insufficient number of reports to establish an estimate (X) Not Applicable (Z) Less than half the rounding unit. 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) [Graph]. If youre an investor looking to minimize expenses, consider checking out online brokerages. The transportation equipment industry ranks as Maines largest industrial sector based on number of jobs, employing 18% of the states industrial workers. a scientific peer review process and worked to bar federal funding from private sector organizations that target the industry while flouting this science. The Atlantic Ocean is to the east and southeast, and Long Island Sound is to the southwest. 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. If youre ready to find an advisor who can help you achieve your financial goals, get started now. 10 Biggest Industries in the World in 2021 Sign Up For Alerts, [mrp_rating_result no_rating_results_text="No ratings yet" before_count="(" after_count=" ratings)"], Northeast Forest Information Source, 2023. The largest industry in Maine was the category of finance, insurance, real estate, rental and leasing, representing almost 21% of the total and accounted for 1.2% of real growth. 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. About the Top 10 Manufacturing Companies in Maine. 8.Westbrook. Show publisher information Its also a major employer in the state with 6,700 workers. the potential of the market of a certain industry. Maine is home to a diverse set of industrial enterprises, from L.L. Try a free demo today! Jared is focused on making sure the next generation of fishermen, loggers, shipbuilders, and farmers can count on stable jobs that support their families. These factors can have considerable economic implications and lay the foundation of a given areas industry composition. . Farm Flavor profiles America's hardworking farmers and ranchers who produce our food, fuel and fiber, connecting consumers to the country's vital agriculture industry. These industries are the bedrock of many communities in Maine, particularly in rural areas. 1734 The first paper mill in Maine was operated on the Presumpscot River in Westbrook by Colonels Thomas Westbrook and Samuel Waldo. Pick any two cities or towns in the United States, and each will be home to people who work in very similar fields. Get a live database of industrial contacts, built exactly for what you're selling. We appreciate our employees participation in the process. The Biggest Industries In The United States - WorldAtlas r/Maine - Data: Tourists spent $7.9 billion in Maine in 2021 Pulp and paper products and transportation equipment constitute the largest items in manufactured goods. According to MNI, Portland is Maines largest city based on number of industrial jobs, with 6,076 workers. Since the opening of richer farmlands in the West, Maine has tended to concentrate on dairying, poultry raising and egg production, and market gardening for the region. With its abundant natural resources and highly educated workforce, the state has come a long way in recent decades in attracting and supporting advanced manufacturing companies, while maintaining a stronghold in its traditionally dominant paper and food processing sectors. Established in 1901, ND Paper produces coated one and two sided paper, specialty papers and market pulp. S.D. The largest union at Navy shipbuilder Bath Iron Works, overwhelmingly approved a new three-year contract, the union said Sunday, Aug. 20, 2023, averting another strike like the one three years ago that contributed to delays in delivering ships. Maine Economic Trends, Stats & Rankings | IBISWorld Lets take a look at a (brief) history of the industry in the Pine Tree State. Thousands of Mainers in the Second District build ships at Bath Iron Works and Jared has met them at the South Gate, in the union halls, and in the shipyard. statistic alerts) please log in with your personal account. Together, these two states produce 93 percent of the total U.S. American lobster harvest, and 93 percent of the coast-wide landings come from the Gulf of Maine lobster stock. Augusta. Over the years, the rise in per capita disposable income levels and the availability of consumers to buy more premium products have greatly helped increase the revenue of the Supermarkets And Grocery Stores Industry. Workers are receiving an increase in contributions to their national pension plan while health insurance costs will grow. 10 Biggest Industries in the World in 2021 Temporary Shelter for Asylum Seekers Closes in Maine's Largest City trending_up STATE ECONOMIC PROFILE Maine Industry Trends What are Maine's Largest Industries by Revenue? 5. Local S6 would like to thank you for your vote and support as we continue to advocate for our members best interests and uphold the contract with the utmost dedication, union leaders said to members in a post on their Facebook page Sunday. As former chairman of the House Small Business Subcommittee on Underserved, Agricultural, and Rural Development, this has led to him championing efforts like aid for forever chemical contaminations and the right for farmers to repair their own equipment. Over the years, the industry has greatly benefitted from the rapid rise in the prices of prescribed medications, as well as an increased number of people having private health insurance. Dollars). Despite much volatility in investment income, steady growth and strong investment gains have led to the industry's growth. Industrialization up and down the East coast (and heading West) fed the need for paper. Manufacturing, services, and taxation The service sector represents the largest component in the market value of Maine goods and services; the manufacturing sector is second. Eligible homeowners can claim up to $675 in a Montana property Arkansas: Ambulatory health care services, California: Computer and electronic product manufacturing, Colorado: Ambulatory health care services, Kansas: Rental and leasing services and lessors of nonfinancial intangible assets, Kentucky: Motor vehicles, bodies and trailers, and parts manufacturing, Louisiana: Petroleum and coal products manufacturing, Maryland: Ambulatory health care services, Michigan: Motor vehicles, bodies and trailers, and parts manufacturing, Minnesota: Ambulatory health care services, Mississippi: Ambulatory health care services, Missouri: Ambulatory health care services, New Jersey: Ambulatory health care services, North Dakota: Support activities for mining, Oregon: Computer and electronic product manufacturing, Pennsylvania: Broadcasting and telecommunications, South Carolina: Administrative and support and waste management and remediation services, Tennessee: Ambulatory health care services, Virginia: Computer systems design and related services. Hardwood Products Co, Inc. LLC (Guilford, ME). Not only was it cool by providing Mainers and immigrants a means to provide for themselves and their families, but it was also high-tech, forward-thinking and environmentally aware. Click to skip our analysis of the global industry trends, jump to the 5 Biggest Industries in the World in 2021. . Maine has very few large companies that maintain headquarters in the state, and fewer than before due to consolidations and mergers, particularly in the pulp and paper industry. Subscribers can select up to 40 data points on any manufacturing company in the U.S. to help identify or pre-qualify leads. Consistent with Maines stronghold in the transportation and aerospace industry, Pratt & Whitney operates a massive 1 million-square foot facility in North Berwick, where 2,000 workers produce aircraft engine parts. Maine - State Energy Profile Analysis - U.S. Energy Information Forbes Global 2000: The World's Largest Healthcare Companies In 2022 The industry has also greatly benefitted due to the aging population, as a significant portion of the industrys revenue is earned by the sale of both prescribed and over-the-counter pharmaceutical products that are in great demand by the elderly population. MNI reports there are 6,110 executive contacts among Maines manufacturing companies, including 955 presidents, 809 owners and partners; 400 vice-presidents and 396 sales, marketing and purchasing executives. (Source: Bloomberg) What's set to be the biggest initial public offering of 2023 comes from a company unknown to most consumers, though they use its products . Home Data Nonfarm Payroll Job Estimates Growth by Industry, Maine Department of Labor Maine's Trade with Canada and Mexico . facts. The Public School Industry includes primary and secondary schools that provide education for children without any charge. In Maine, hospitals are the largest industry, accounting for 4.8% of the states total GDP of $67.7 billion. Hes traveled to farms throughout the Second District to learn from a wide variety of farmers about what they need to be successful and how he can help connect them with resources. Your contribution is tax-deductible to the fullest extent of the law (EIN 47-3101784).. Sanford. He has worked closely with the lobstering community to ensure the regulations are based on the best available evidence and dont unfairly target lobstermen. Some of the very few large companies that do maintain headquarters in Maine include Fairchild Semiconductor (South Portland), IDEXX Laboratories (a large veterinary biotech company in Westbrook) and the famous outdoor supply retailer L.L. Employing 600 in Auburn, Lepage Bakeries is a major producer of bakery products, breads, and rolls, with international distribution. Mills transition to modern facilities. Established in 1884, Bath Iron Works is a sprawling shipyard and major defense contractor. In terms of market size, the Health And Medical Insurance Industry is a top-ranked Finance And Insurance industry. An aquaculture industry thrives, too, thanks to the state's 5,300-mile coastline of clean water and abundance of freshwater - the most of any state east of the . A financial advisor can help you understand the advantages and disadvantages of investment properties. Vote count: 3 Author Chris Kolmar Chris Kolmar is a co-founder of Zippia and the editor-in-chief of the Zippia career advice blog. 1890 Maine is a player on the world stage with modern papermaking . As a highly developed nation, the United States continues to sustain its position as one of the world's most powerful and largest economies. Center for Workforce Research and Information, Demographics of Employment & Unemployment. It features a rugged coastline, and dense forests, that meets the start of the Appalachian Mountain Range on its western border. Temporary shelter for asylum seekers closes in Maine's largest city An investor-owned utility like CMP serves a . To use individual functions (e.g., mark statistics as favourites, set Maine's red-hot real estate sector was the biggest contributor to economic growth during 2021 as a whole. But Maine is resilient! Massachusetts is the second leading producer. Maine's Biggest Industries: Structural Overview of the Maine - NEFIS Bath Iron Works (Bath, ME) Established in 1884, Bath Iron Works is a sprawling shipyard and major defense contractor. Updated 9:51 AM PDT, August 16, 2023. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Maine's Rank in Exports to . American lobster - Wikipedia In 2001, Maine's largest city surpassed Boston as New England's busiest port (by tonnage), due to its ability to handle large tankers. Thats how far back Maines history in the industry goes! Maine State Facts - 50States.com - 50states Beans footwear empire to major defense contractors like Bath Iron Works and Pratt & Whitney. Canada was the number buyer of fresh blueberries by far, followed by South Korea. Unprecedented Levels of Damage From Storms This Year Is Upending US Aroostook County is known for its potato crops. 2. 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. man drowns trying to rescue wife, steps-on from fast-moving NH river. Maine has a long tradition in paper making, and ND Paper in Rumford is among the states historically been known for its abundant paper and pulp mills, and ND Paper, LLC is the states largest mills, employing 897. for farmers to repair their own equipment. 8. Average rating 2.3 / 5. Auxiliary aids and services are available to individuals with disabilities upon request. . Top 5 Industries in Maine: Which Parts of the Economy Are - Newsmax When new proposed regulations threatened the livelihoods of Maine lobstermen, Jared led the Maine delegation in speaking out. German sales will see increasing gains from 2023, S&P Global says As former chairman of the House Small Business Subcommittee on Underserved, Agricultural, and Rural Development, this has led to him championing efforts like, for forever chemical contaminations and the. WASHINGTON Congressman Jared Golden (ME-02) today announced the introduction of the Northeast Fisheries Heritage Protection Act. Exports/Imports. As a result, we did not include the real estate sector in our analysis. The pulp and paper industry was cool before many of us were ever born. Maybe not much has changed after all? Over the 12 months to April 2022, when the Global 2000 list was finalized, the Minnetonka, Minnesota-based company generated $297.6 billion in revenue, $17.5 billion in profits and a market . Click here for Maine 2017 Census of Agriculture State and County Profiles featuring land, sales, and demographic highlights and much more. Waves of severe thunderstorms in the U.S. during the first half of this year led to $34 billion in insured losses, an unprecedented level of financial damage in such a short time as climate change . 7. For example, CMP's transmission rate is 11.4 cents per kilowatt-hour, while Madison Electric, operating in the same service area, has a 5.8-cent rate. The second largest segment was government (and related enterprises) representing 14%, and experienced a decline of .06%. 1880 Rag shortage! If youre a UMPPF scholarship recipient, we know you do. Health Care And Social Assistance is the countrys largest private employment sector employing more than 16.4 million people. We also excluded all government sectors. Description Profile of the anterior part of an American lobster Homarus americanus commonly reaches 200-610 millimetres (8-24 in) long and weighs 0.45-4.08 kilograms (1-9 lb) in weight, but has been known to weigh as much as 20 kg (44 lb), making this the heaviest crustacean in the world. History of the lumber industry in the United States - Wikipedia How SoftBank's Arm Plans to Ride the AI Wave to Biggest IPO of 2023 He . ON Semiconductor is a major semiconductor supplier headquartered in Phoenix. The access to medical insurance and increased demand from the elderly population had helped in generating substantial revenue growth for this industry. The last table is a list of Maine's 50 largest private companies. Moreover, government-sponsored programs like Medicare have helped increase government spending on health and medical insurance. This Is the Largest Industry in Maine - 24/7 Wall St. These schools are financed by Federal, local, and state governments. Sailing Ships Maine is a project of Sailing Ships Portland, a 501(c)(3) non-profit organization. [Online]. Chained (2012) dollar series are calculated as the product of the chain-type quantity index and the 2012 current-dollar value of the corresponding series, divided by 100. What is Maine's biggest industry? The above article discusses the ten biggest industries by revenue in the United States. At this 120,000 square-foot plant workers produce everything from tongue depressors to ice cream sticks and corn dog skewers. At this 1.1 million square-foot facility in Madawaska, 635 employees produces a variety of papers such as uncoated freesheet, premium hybrid, and uncoated groundwood papers with a capacity of 250,000+ tons per year across 4 paper machines. Detailed List Of The 100 Biggest Companies In Maine How useful was this post? The largest union at Navy shipbuilder Bath Iron Works in Maine overwhelmingly approved a new three-year contract, the union said Sunday, averting another strike like the one three years ago that contributed to delays in delivering ships. Renowned for being the northeastern-most state bordering the Canadian provinces of New Brunswick and Quebec, Maine also shares its western border with New Hampshire. Maine is the largest of the New England states . He also led the delegation to urge the president to intervene directly. The largest industry in Maine was the category of finance, insurance, real estate, rental and leasing, representing almost 21% of the total and accounted for 1.2% of real growth. By Purchasing Power Parity, the US holds more than 16% of the gross world product and is considered to be the second-largest in the world, just behind the People's Republic of China. The General Dynamics subsidiary is one of the Navys largest shipyards and builds guided-missile destroyers, the workhorses of the Navy fleet. The companys South Portland facility employs 850 and produces semiconductor integrated circuits. Maine Department of Labor Center for Workforce Research & Information 118 SHS Augusta, ME 04333-0118. Company profiles also include the contact information for hard-to-find executive decision-makers. Employing 2,500, the company is Maines second-largest industrial employer. Naval shipbuildingremains important as well, with Bath Iron Works in Bath and Portsmouth Naval Yard in Kittery. (See a sample profile here.). Cal-Maine is by far the largest egg producer in the U.S., owning more than 75% more egg-producing hens than the next largest company, according to industry publication Watt Poultry . About 10 buses and vans lined up outside the Portland Expo to take 191 occupants and their . 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. "Real Value Added to The Gross Domestic Product of Maine in The United States in 2022, by Industry (in Billion Chained 2012 U.S. Many varieties of granite, including some superior ornamental types, have been used for construction throughout the nation. Still, the occupational makeup of different parts of the country varies in other important ways that are influenced by the regions history, geography, natural resources, local laws, and demographics. Western Maine aquifers and springs are a major source of bottled water. Chart. The Biggest Industries In Maine - WorldAtlas If you are an admin, please authenticate by logging in again. March 31, 2023. However, all this revenue growth has been outweighed by the highly negative financial impact of the coronavirus pandemic. 2020 and beyond The pulp and paper industry in Maine, the United States and around the world will continue to adapt, innovate, and prepare the industry for the future. Maines total employment continued to grow in 2019, adding 5,100 jobs for a total of 635,500 jobs. Saco. In 2017, substantial equity gains helped increase the industrys revenue growth. USDA/NASS 2022 State Agriculture Overview for Maine Per capita personal income in 2019 was $50,634, ranking 30st nationally. Email: mdol@maine.gov, This workforce product was funded by a grant awarded by the U.S. Department of Labors Employment and Training Administration. While declining, Maine is still a leading producer of paper and wood products, which are the most valuable of all manufactures in the state. AnIndustrySelect subscription can put you on a first-name basis with Maine s 2,400+ industrial companies and 6,500+ executives. Maine is also the home of The Jackson Laboratory, a non-profit institution and the world's largest mammalian genetic research facility. Would you like to get notified about new materials? Food products and transportation equipment are also important, but production of leather goods (especially shoes) has declined. Get a live database of industrial contacts, built exactly for what you're selling. Content: Retirement And Pension Plans - $1.257.9 billion Health And Medical Insurance - $1.145.1 billion Drug, Cosmetic, And Toiletry Wholesaling - $1.049.9 billion Hospitals In The US - $981.0 billion New Car Dealers In The US - $978.7 billion Life Insurance And Annuities In The US - $886.7 billion Pharmaceuticals Wholesaling -$868.8 billion Exports of U.S. frozen blueberries were almost 47.9 million pounds valued at $111 million. In 2019, Maine was the 45th-largest state exporter of goods in the United States. Funds are given to schools based on various factors, including student demographics, number of enrolments, facility requirements, and available programs. Looking to reach decision makers in the industrial world? The Biggest Industry In Every State Of 2022 - Forbes A consumer-owned electric utility can be better for Maine Agriculture has always struggled with adverse soil and climatic conditions.