Issue link: https://nebusinessmedia.uberflip.com/i/1038191
W W W. M A I N E B I Z . B I Z 13 O C T O B E R 1 5 , 2 0 1 8 F O C U S M I D C O A S T & D O W N E A S T M A I N E MEMBER FDIC EQUAL HOUSING LENDER Building a business? TALK TO A NEIGHBOR. 1-800-447-4559 | bathsavings.com Our experienced lenders are more than bankers —they're problem solvers and will work with you to design a commercial loan that's right for you. We're proud to support local Maine businesses with products and services to help your business grow. Custom lending solutions are here for you — and so are we. Let's talk. Brian Desjardins Vice President, Commercial Lending S O U R C E : Island Institute, "Waypoints" aine has 3,500 miles of coastline, with 105 coastal communities and another 15 "unbridged" islands with year-round populations. About a third of the coastal population lives in the Midcoast and Downeast areas, from Brunswick north and east. The population of the island communities swells in the summer, but the year-round population ranges from 1,165 on Vinalhaven to 47 on Great Cranberry Island. The findings below come from the Island Institute's annual "Waypoints" survey. S TA R T I N G O N F O L L OW I N G PA G E » M TOP 4 INDUSTRIES ON THE COAST AND ISLANDS THE COASTAL GENDER GAP FISHING, FARMING AND FORESTRY STILL HAVE A ROLE Education and health: 24.5% Retail: 11.3% Professional services: 8.6% Arts, recreation and tourism: 7.8% 24.5% $44,000 $26,000 $26,000 $19,000 11.3% 8.6% 7.8% 0.7% 2.0% 2.5% 4.3% For Maine's coastal and island communi- ties, three industries still play a role for the workforce. The so-called resource extraction industries comprise a greater share of the jobs than the Maine or national averages, by percentage of overall workforce: Ranked by percentage of workforce Coast and islands workforce Men Men Women Women U.S. average Maine average New England average 3% 8.8% 16– 18% ENERGY REMAINS A SIGNIFICANT COST Unbridged islands Maine U.S. The percent of median house hold income that goes to home heating and electricity is dramatically higher on Maine's year-round islands. 13% 14% 23% SELF-SUFFICIENT, SELF-EMPLOYED Coastal and island 38% Year-round islands Maine U.S. average The smallest communities on the coast and islands have high levels of self- employment. Highest income communities Lowest income communities