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Fact Book: Doing Business in Maine 2023

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W W W. M A I N E B I Z . B I Z 63 Fact Book / Doing Business in Maine B U S I N E S S R E S O U R C E S M aine's bioscience community is working overtime to raise its profile in the world of life sciences. And that is coinciding with a remark- able moment in biology, technology and medicine. Maine boasts a unique array of sci- entific research and education institu- tions, including MDI Bio Lab, whose roots reach back a century and more. Now they are forming new alliances, creating leading-edge technologies and training a new generation of workers and leaders who will advance the cause of improving human health. In short, Maine is open for science. A report sponsored by the Bioscience Association of Maine shows life science jobs here grew by 42% between 2016-21, to more than 9,500. Average pay rose to $108,000 a year, the fastest and greatest such growth in New England. At MDI Bio Lab our workforce has grown from 73 to 113 over a decade. Yet in the past two years some jobs that were quickly created in Maine to serve pandemic-driven medical needs have faded just as quickly. It's important now to stabilize the sector and find new ways to fuel its growth. Because this is an extraordinary period in biomedical science. Maine's scientific community and its friends are harnessing our small state's collaborative energy to seize the day. MDI Bio Lab, for instance, sup- ported the University of Maine's suc- cessful bid this year to secure an $11 mil- lion National Institutes of Health award for advanced research in the molecular mechanics of muscle growth, regenera- tion and aging. Five innovative young scientists, including one of ours and four at the university, will lead research groups whose discoveries could help us all live longer and more productive lives. With the aid of more than $12 mil- lion in NIH funding, MDI Bio Lab leads a network of 14 research and edu- cation institutions in Maine, includ- ing most of the UMaine campuses, that provides faculty support, scientific hardware and hands-on training to thousands of undergraduates. It's called the Maine INBRE network, and 90% of its enrollees have gone on to careers or advanced degrees in medical and other scientific fields. Twenty-one percent of them stayed in Maine to pursue those dreams — a down payment of nearly 500 people to add to the workforce this state will need to grow a bigger bioscience footprint. MDI Bio Lab is also working closely with a major new player in Maine's scientific ecosystem, the Roux Institute at Northeastern University, recently signing a collaborative agreement for research and training with state-of-the- art biotech tools that will help to keep our workforce globally competitive. Our entrepreneurial subsidiary, MDI Bioscience, is working with the Bigelow Laboratory for Ocean Sciences' National Center for Marine Algae and Microbiota, in East Boothbay. at project will screen Bigelow Laboratory's vast library of marine organisms for molecules with medicinal properties: opening up nature's untapped trove of pharmaceutical potential. Between 2017 and 2021, the NIH awarded more than a half-billion dol- lars to non-profit research projects in Maine, with the Jackson Laboratory, Maine Health and MDI Bio Lab the biggest recipients. Last year, Bigelow Laboratory won a $12 million federal award for a new education and inno- vation center — support that built off philanthropy by Maine's Harold Alfond Foundation and others, highlighting the central role of private giving. Other small states, such as Kentucky and Rhode Island, have enacted policies and made investments to expand the life sciences sector and use it as an economic engine. Many in our high-paying field are eager to put Maine on an equal footing. We are confident that expanded col- laboration on this scientific journey will produce real benefits for our state and for humanity. D r. H e r m a n n H a l l e r i s p r e s i d e n t o f M D I B i o L a b o n M o u n t D e s e r t I s l a n d . A remarkable moment in Maine's bioscience community B Y H E R M A N N H A L L E R B Y H E R M A N N H A L L E R C O M M E N TA RY Business Property and Liability Insurance Products Cyber and Data Breach Liability Insurance Employment Practices Liability Insurance, EPLI & Equipment and Mechanical Breakdown INSURING MAINE BUSINESS — INSURING MAINE PEOPLE We've been in business more than 140 years, and continue to innovate by providing you a portfolio that offers the kind of protection your business needs — today. Visit Patrons.com to find an independent agent near you. INNOVATIVE SOLUTIONS FOR TODAY'S BUSINESS CHALLENGES. Strategic HR at Mt. Washington www.strategichrmw.com Retreat for HR Leaders O c t o b e r 2 2 - 2 4 , 2 0 2 3 O m n i M t . W a s h i n g t o n R e s o r t | B r e t t o n W o o d s , N H Many in our high- paying sector are eager to put Maine on equal footing.

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