Mainebiz Special Editions

Fact Book: Doing Business in Maine 2021

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W W W. M A I N E B I Z . B I Z 3 Fact Book / Doing Business in Maine C O N T E N T S Copyright 2021. All rights reserved. Mainebiz® (ISSN# 1530-0749) is published bi-weekly 29 times a year, including special issues published in July, September, October and December by New England Business Media LLC. Periodicals postage paid (USPS# 018-715) at Port land, ME and at additional entry points. Postmaster: Please send changes to: Mainebiz, PO Box 330, Congers, NY 10920-0330. Annual subscriptions are available for $60.00 and include Fact Book and Book of Lists. To subscribe, please visit our website at www.mainebiz. biz, email mainebiz@cambeywest.com or call our circulation department at 845-267-3008. Mainebiz® accepts no responsibility for unsolicited manuscripts and in general does not return them to the sender. View Fact Book online at mainebiz.biz/digitaledition PUBLISHER: Peter Stanton EDITOR: Peter Van Allen DIGITAL EDITOR: William Hall SENIOR WRITERS: Renee Cordes, Maureen Milliken, Laurie Schreiber CONTRIBUTING WRITERS: Mark Jeanneret, RESEARCH DIRECTOR: Timothy Doyle RESEARCH ASSISTANT: Heide Martin ART DIRECTOR: Matt Selva ADVERTISING SALES DIRECTOR: Andrea Tetzlaff SENIOR ACCOUNT MANAGERS: Ken Hanson, Betsy VanderPloeg ACCOUNT MANAGER: Bonnie Dougherty MARKETING/OPERATIONS DIRECTOR: Alison Nason A division of New England Business Media LLC C E O / G RO U P P U B L I S H E R : Peter Stanton PRESIDENT: Tom Curtin C F O / C O O : Mary Rogers DIGITAL DIRECTOR: Jan Holder Q UA L I T Y O F L I F E Doing business in Maine becomes a reality for more people . . . . 4 10 trends that shaped Maine in 2020–21 . . . . . . . . . . . . . . . . 6 Q&A with Torey Penrod-Cambra, co-founder and chief marketing officer of HighByte . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Population data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Education data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Income data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 How to get to know Maine's 16 counties . . . . . . . . . . . . . . . . 15 Maine's Hospitality and leisure workforce . . . . . . . . . . . . . . . 16 List: Maine's largest hotels . . . . . . . . . . . . . . . . . . . . . . . . . 17 Maine's ski resorts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 List: Maine's most popular tourist attractions . . . . . . . . . . . . 19 What you get for $276,000 in Maine . . . . . . . . . . . . . . . . . . 20 Across Maine, houses options at the median home price are fleeting Where did single family buyers come from in 2020?. . . . . . . . 26 Housing data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Annual Maine home sales, by county. . . . . . . . . . . . . . . . . . . 28 How to move your company to Maine: a legal perspective . . . . 29 Notable Quotables from 'The Day That Changed Everything' podcast. . . . . . . . . . . . . . 30 S P E C I A L A DV E R T I S I N G S E C T I O N Economic Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 B U S I N E S S R E S O U R C E S Maine SBA staff listing . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 SBA's resource partners. . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 SCORE; Small Business Development Centers; Women's Business Centers SBA business loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 Basic 7(a) Loan program; Company loan programs (504 Loans); Microloan program SBA contracting programs . . . . . . . . . . . . . . . . . . . . . . . . . . 44 HUBZone; Women-owned Small Business Federal Contract Program; Service-disabled veteran- owned small business; Maine Procurement Technical Assistance Center; Small Disadvantaged Business; 8(a) Business Development Program Most active SBA lenders in Maine. . . . . . . . . . . . . . . . . . . . . 45 S P O N S O R E D C O N T E N T Community Concepts Finance Corporation. . . . . . . . . . . . . . . 46 FAME offers financing to Maine small businesses . . . . . . . . . 48 Q&A with Hannah Pingree, director of Gov. Janet Mills' Office of Policy Innovation and the Future . . . . . . . . . . . . . . . 51 Top Maine PPP lenders . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 How to choose the best commercial lease for your business. . 53 Manufacturing resources are abundant . . . . . . . . . . . . . . . . . 54 The Manufacturing Extension Partnership offers help S P O N S O R E D C O N T E N T Perkins Thompson. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 Maine's new leaders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 The past year has seen a number of changes in key leadership positions around Maine. While the list is ever-evolving, here's a wrap up of some of these key personnel moves How to plan and launch a digital advertising campaign . . . . . . 61 Q&A with Tom Rainey, executive director of the Maine Center for Entrepreneurs . . . . . . . . . . . . . . . . . . . . . . 62 Commentary: Maine's on the map, and our real estate is having moment . . . . . . . . . . . . . . . . . . . . . . . . 64 I N N OVAT I O N / R & D Q&A with Josh Kim, CEO and co-founder of the Cubby. . . . . . . 66 A life sciences boom . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68 Strong support system and deep roots help Maine's bioscience sector thrive List: Maine's National Institutes of Health grant recipients . . . 71 Q&A with Brian Whitney, president of Maine Technology Institute. . . . . . . . . . . . . . . . . . . . . . . . . . 72 List: Maine's largest brewers . . . . . . . . . . . . . . . . . . . . . . . . 74 List: Maine's largest chambers of commerce . . . . . . . . . . . . . 75 WO R K F O R C E Q&A with Heather Blease, founder of SaviLinx. . . . . . . . . . . . . 76 Employment data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77 Total building permits issued in Maine, by year. . . . . . . . . . . . 80 I N F R A S T R U C T U R E / D I S T R I B U T I O N Energy data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81 A brewing brewery scene . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 Rural breweries surge, as do clusters in Portland and Freeport Infrastructure map. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86 Airports; intermodal facilities; deep water ports; rail lines; Amtrak service; priority roads List: Largest Maine-based construction companies . . . . . . . . 88 Import / Export data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 List: Maine's largest business and industrial parks . . . . . . . . 94

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