Doing Business in Maine
There are many reasons why Maine's economic situation
is so positive. Some of the advantages of doing business
here include:
- Outstanding, highly productive workforce
- State-of-the-art telecommunications and
transportation infrastructures
- Strategic global location
- Strong state support for business growth in the
form of finance and incentive programs
- Entrepreneurial spirit that is attracting today's
most exciting emerging industries.
Portland is Hot Hot Hot for entrepreneurs!
Portland emerged as a leader among more than 393 cities U.S. cities studied and ranked in Inc Magazine's 2006 Boom Town List of Hottest Cities for Entrepreneurs. Portland ranked 20th as the hottest city for entrepreneurs in the mid-size category.
Maine cities are Hot Hot Hot for business and careers!
Forbes magazine named Portland among the top 50 Best Places for Business and Careers in 2006. The ranking combines nine factors, including the cost of doing business, crime rates, education, income growth and job growth. Among 200 large metropolitan areas researched, Portland ranked 45th. Bangor ranked 74th overall among 200 small metropolitan areas. Lewiston ranked 130th overall. Both Bangor and Lewiston were among the top 50 cities for income growth and college presence. Forbes rankings draw on information from Economy.com, Sperling's Best Places and the FBI Index of Crime.
KPMG recognizes the cost advantages for businesses in Maine!
Lewiston finished 24th nationally and first in New England in a study ranking the cost of starting up and running a business. The study, "2006 Competitive Alternatives," was conducted by KPMG International, a major business consulting group. The firm looked at the after-tax impact of a wide range of business costs, including labor, land, construction and utilities.
Where to go for America's hottest small biz market?
According to a 2005 investigation by American City Business Journals (ACBJ), the answer is the Greater Portland region. ACBJ rated local climates for small businesses, defined as companies with fewer than 100 employees. Portland emerged as the overall leader among the 91 U.S. metro areas with populations above 500,000. The full report is available online.
Want more proof?
Expansion Management magazine recently named Bangor as one of its "5-Star Quality of Life Communities" and Portland-South Portland received recognition as a four-star community.
The Milken Institute's latest report chose the greater Portland area as one of the top 50 "Best Performing Cities" in the nation.
Morgan Quitno Press recently named Maine as the second-safest and fourth-healthiest state in the nation as part of its annual state and city rankings.
Progressive Farmer chose Lincoln County (49th), Knox County (105th) and Hancock County (196th) as three of the top 200 best places to live in rural America.
The area's highly educated and skilled work force will continue to attract companies demanding knowledge-intensive workers. High-tech companies are a vital catalyst for economic prosperity. Our area's technology companies can be thanked for creating economic growth and vitality and for making Maine a more attractive place to do business.
Maine offers a wide range of resources and incentives
for new businesses considering a Maine location and for
existing Maine businesses planning to expand. The more
you know about doing business here, the better Maine
looks.
Please explore this dynamic area and the numerous
links to other Maine resources.
Today's Business News
MESDA Software &
Information Technology Industry Reports
MESDA has released the
results of two recent statewide industry surveys.
These reports are the first statewide examination
of the industry and its impact on Maine's economy.
The publications are:
- Software &
Information Technology Industry Survey: Report
2000-2001
- Software &
Information Technology Industry Salary Survey:
Results 2000-2001
For more information:
Executive Summary
MESDA Industry Survey 2001
Order 2000/2001 Reports
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