• Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Maine Resources Page
Inward Investment Guides

Regional Report: New England Joining the Economic-Recovery Bandwagon

Dale D. Buss, Staff Editor, Area Development (Directory 2016)
As a prime recipient of venture-capital investment, the New England region is continuing to attract entrepreneurs and grow jobs. More

Regional Report: Slow But Steady Economic Growth in New England States

Mark Crawford (Directory 2015)
Jobs are coming back slowly in New England, with aerospace/defense, bioscience, and fulfillment centers taking the lead. More

Maine Direct Financial Incentives 2014

Area Development Research Desk (Q1 2014)
Maine's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Regional Report: Incentives Attracting Firms to the New England States

Karen Thuermer (Directory 2014)
Some new and creative incentive programs are being provided in the Mid-Atlantic States to help drive the region’s high-tech and other industries. More

Leading Locations for 2013: The New England MSAs

Area Development Special Presentation (July 2013)
The number-one Leading Location in the New England region is Framingham, Massachusetts, which has been recognized for its high quality of life and high-tech work force. Three other Massachusetts MSAs also place on the top-10 list for the region — Boston-Cambridge-Quincy, Barnstable Town, and Peabody. More

Regional Review: New England States Target Industry Niches

Mali R. Schantz-Feld (Location USA / April 2013)
New England’s industry strengths are derived from professional business services, software and high-tech advanced manufacturing, product and component parts, and suppliers to the auto, computer, and aerospace and defense industry. More

Is Healthcare Part of the Facility Location Decision?

Mark Crawford (November 2012)
Skyrocketing Costs and shifting legislation have pushed an area’s healthcare affordability and quality into the mix of primary site selection considerations. More

Regional Review: New England States Are Well Positioned for Economic Growth

Mali R. Schantz-Feld (August 2012)
New England touts a long history of tradition, independence, strong character, and academics. The slow but evident economic recovery of the New England States reflects the persistent determination of its citizens and their resilience in the face of adversity. More

MAINE at a glance

POPULATION: 1,328,302 (2013 Census estimate)

LABOR FORCE: 706,200


TRADITIONAL INDUSTRIES: Forest products, agriculture, textiles, fishing, tourism

EXPANDING INDUSTRIES: Biotechnology, composite materials, financial services, high-tech electronic manufacturing, marine science technology, information technology, environmental technology

COLLEGE GRADUATES: (Age 25 and over) 27.8% (2010-2012 average)

Corporate Income Tax: 3.5 percent of net income applies to the first $25,000; 7.93 percent applies to the next $50,000; 8.33 percent applies to the following $175,000; and 8.93 per cent applies to Maine net income in excess of $250,000

Corporate Filing Fees: $145 minimum filing fee for domestic corporations; $250 application fee for foreign corporations

Sales and Use Tax: 5.5 percent of the sales price on retail sales of tangible property and certain services (returns to 5 percent as of July 1, 2015)

Property Tax: Real and personal property is taxed locally at varying rates

Department of Economic and Community Development:
• Employment Tax Increment Financing (ETIF)
• Pine Tree Development Zones (Enterprise Zones)
• Tax Increment Financing

Maine Revenue Services:
• Business Equipment Tax Reimbursement Program (BETR)
• Business Equipment Tax Exemption Program (BETE)
• Clean Fuel Tax Credit
• Employer-Assisted Day Care Credit
• Maine Capital Investment Credit
• High-Technology Investment Tax Credit
• Jobs and Investment Tax Credit (JITC)
• Research Expense Credit
• Super R&D Credit

Maine Technology Institute:
• Seed Grant Program
• Development Award Program
• Cluster Initiative Program
• Accelerated Commercialization Fund
• SBIR/STTR Phase 0 Proposal Assistance Program
• Maine Technology Asset Fund

Maine Community College System:
• Maine Quality Centers (specialized technical training for workers in new or expanding business)

Finance Authority of Maine:
• Secondary market taxable & tax-exempt bonds
• Major Business Expansion Bond Program
• Commercial Loan Insurance Program
• Economic Recovery Loan Program
• Energy Conservation Loan Program

Principal Manufacturing industries

  • Transportation Equipment
  • Paper Products
  • Food Manufacturing
  • Fabricated Metal Products
  • Wood Products
  • Computer & Electrical Products
  • Machinery Manufacturing
  • Chemical Manufacturing
  • Leather Products
  • Printing & Related Support Activities
  • Other Manufacturing Industries