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Fact Book: Doing Business in Maine 2022

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B U S I N E S S P RO F I L E S 42 B U S I N E S S P R O F I L E S P O N S O R E D C O N T E N T Making Connections, Supporting the Business of Life Sciences BioME believes that strong connections create opportunities. To act as a catalyst for connections, BioME hosts a variety of programs throughout the year, open to members and non-members alike. Monthly virtual coffee hours expose attendees to research initiatives, innovative companies, life science movers and shakers, industry developments, and personal connections to buoy academic or professional undertakings. Company tours offer fascinating behind-the-scenes views into Maine's research institutions and private companies. BioME Networking Receptions offer the oppor- tunity to meet new friends and professional colleagues or make a key business connection in a fun and scenic setting. e people are friendly, the drinks are cold, and the food is delicious. Visit biomaine.org/events/ for a complete list of upcoming events. BioME also maintains a job board, updated weekly, to highlight job opportunities in Maine at all levels of experience. e job board can be accessed by visiting biomaine.org/job-board/. If the rising costs of doing business are getting you down, BioME has a way to ease that burden. BioME member compa- nies can save on goods and services routinely purchased. rough BioME's Cost Savings Program, members access discounts and other benefits from leading suppliers and service providers via our partnerships with Biotechnology Innovation Organization (BIO) and the recently added Manufacturers Association of Maine (MAME). Last year, BioME members saved more than $83 million on lab and office essentials through the BIO Business Solutions Savings Program alone. More information on all these programs can be found at biomaine.org/cost-savings/. Educating Maine's Future Workforce e future vitality of Maine's life science economy depends on one thing: talent. A highly skilled workforce is essential for strong, sustainable, and balanced growth of companies, innovation clusters, opportunities for Maine citizens, and our economy. With current average life science salaries exceeding $100,000, this sector presents tremendous opportunities for Maine's citi- zens by enabling fulfilling careers while providing the prospect to stay in Maine – close to family, friends, and all that living in Maine has to offer. As part of our mission, BioME develops and provides educational resources and opportunities aligning with industry needs. We start young – bringing the mystery and excitement of science to middle schoolers through our hugely successful Maine Bioscience Day. In 2021, Maine Bioscience Day reached 7,250 middle schoolers in 52 schools from Aroostook to York counties, and points east to west, a 271% increase since 2018. Hands-on science kits, experiments, videos, and live Q&A with scientists help unlock the excitement of science and open young minds to the possibilities of future careers. e event is followed by the awarding of four full scholarships to attend the renowned Maine School of Science and Mathematics summer science camp in Limestone. " Being able to access ME Bioscience Day for the past two years has been a bright spot for students during the pandemic. " — Karen Boreham, Warsaw Middle School T he Bioscience Association of Maine (BioME) is a collaboration of entrepreneurial life science compa- nies, educators, students, and allied businesses focused on supporting Maine's innovation economy today, while educating tomorrow's scientists and entrepreneurs. From promising start-ups to globally known organizations, BioME (biomaine.org) provides opportunities for collaboration and promotion of the life science, biotechnology and device manufacturing sectors in Maine. Supporting Maine's Entrepreneurial Life Science Community Maine has more than 484 life science companies, ranging from globally recognized organizations such as e Jackson Laboratory, IDEXX, e Baker Company, and Maine Molecular Quality Controls, Inc. to emerging entrepreneurial companies like Marin Skincare, Prapela, and Salmonics. All contribute to Maine's economy, career opportunities, and quality of life. In 2021, there were more than 10,690 bioscience related jobs in Maine. ese jobs are well paying, with average earnings per job exceeding $108,000. Bioscience earnings per job, which rep- resents the total annual earnings (wages, salaries, profits, ben- efits, and other compensation) divided by the number of jobs in the industry, are 74% more than the average earnings across all industries in Maine, at just below $63,000. In 2021, the bioscience industry contributed $2.2 billion to the State's economy (Data source: Economic Modeling Specialists Inc. - EMSI). BioME recognizes these critical economic under- pinnings and has developed multiple programs to connect and support life science opportunities, educate Maine's future work- force, and advocate for policies to grow this exciting future. Bioscience Association of Maine Connecting the Present, Enabling the Future Bioscience Association of Maine (BioME) 28 Maple St., Suite 302, Portland, ME 04101 Sector: Life Science Agnieszka Carpenter, Executive Director Founded: 1995 Number of Maine employees: 3 biomaine.org P H O T O C O U R T E S Y O F B I O S C I E N C E A S S O C I A T I O N O F M A I N E A BioME Member Tour & Networking Reception at the University of Maine's Advanced Structures & Composites Center. BioME Tours provide an opportunity for members and guests to network while learning about some of Maine's most innovative life science companies and institutions. These tours provide attendees with an in-depth view of the organization, their facility, and daily operations.

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