Mainebiz Special Editions

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 2023. 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 $84.00 and include Fact Book and Book of Lists. To subscribe, please visit our website at www.mainebiz.biz, email circulation@mainebiz.biz 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 Q UA L I T Y O F L I F E Maine's national profile goes beyond lobster and lighthouses . . . 4 Population data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Education and employment data. . . . . . . . . . . . . . . . . . . . . . . 9 Income data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Maine's Hospitality and leisure workforce . . . . . . . . . . . . . . . 12 LIST: Maine's largest hotels. . . . . . . . . . . . . . . . . . . . . . . . . 13 Maine's ski resorts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 LIST: Maine's most popular tourist attractions. . . . . . . . . . . . 15 Housing market has cooled but demand has been persistent . . 16 Buyers are still looking for move-in ready homes, in some cases paying in cash Annual Maine home sales, by county. . . . . . . . . . . . . . . . . . . 19 Where did Maine's home buyers come from. . . . . . . . . . . . . . 20 during the pandemic? Housing data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Maine's incoming college presidents. . . . . . . . . . . . . . . . . . . 22 An unprecedented four Maine colleges made changes in leadership Start ME Up . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 From Portland to Presque Isle, here's what entrepreneurs need to know about different regions of Maine Restaurant industry roundup . . . . . . . . . . . . . . . . . . . . . . . . 30 Maine says hello and goodbye to local restaurants PHOTO ESSAY: The vital role tugboats play . . . . . . . . . . . . . . 32 in the global economy — as seen in Maine 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 A shared success in The Good Crust. . . . . . . . . . . . . . . . . . . 45 A Canaan business builds on Maine-grown ingredients LIST: Maine's largest SBA loans. . . . . . . . . . . . . . . . . . . . . . 49 S P E C I A L A DV E R T I S I N G S E C T I O N Gawron Turgeon Architects . . . . . . . . . . . . . . . . . . . . . . . . . . 50 LIST: Largest Finance Authority of Maine loans . . . . . . . . . . . 52 How small businesses tap into financing from FAME . . . . . . . 53 S P O N S O R E D C O N T E N T MDI Biological Laboratory . . . . . . . . . . . . . . . . . . . . . . . . . . 54 Startup resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 Maine's resources for entrepreneurs S P O N S O R E D C O N T E N T VIP Tires & Service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 Q&A with Kimberly Hamilton, president of the Island Institute . . 60 COMMENTARY: A remarkable moment . . . . . . . . . . . . . . . . . 63 in Maine's bioscience community S P O N S O R E D C O N T E N T Rock Row . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 Lewiston and Auburn say 'yes' to development . . . . . . . . . . . 66 LIST: Maine's largest ESOPs . . . . . . . . . . . . . . . . . . . . . . . . 68 Q&A with Bill Shanahan. co-founder of Evernorth . . . . . . . . . . . 70 I N N OVAT I O N / R & D Q&A with Joseph McDonnell, president and CEO of Howell Labs . 72 LIST: Notable mergers and acquisitions in Maine. . . . . . . . . . 74 LIST: Maine's National Institutes of Health grant recipients . . 75 Q&A with Chris Lobley, founder of C. Richard's Leather . . . . . . 76 LIST: Maine's largest brewers . . . . . . . . . . . . . . . . . . . . . . . 78 LIST: Maine's largest chambers of commerce . . . . . . . . . . . . 79 PHOTO ESSAY: Light, camera, moment! . . . . . . . . . . . . . . . . 78 WO R K F O R C E Employment data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84 Filling the need for multifamily housing . . . . . . . . . . . . . . . . . 86 Construction jobs in Maine, in thousands, 2008–2020 . . . . . 87 Q&A with Bar Harbor hotelier Stephen Coston. . . . . . . . . . . . . 88 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 PHOTO ESSAY: Eye on the court, track and field . . . . . . . . . . 90 Energy data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 94 LIST: Largest Maine-based construction firms . . . . . . . . . . . . 96 LIST: Maine's largest business and industrial parks. . . . . . . . 98 A division of New England Business Media LLC C E O / GROUP PUBLISHER Peter Stanton P R E S I D E N T Tom Curtin DIGITAL DIRECTOR Jan Holder PUBLISHER Andrea Tetzlaff EDITOR Peter Van Allen MANAGING EDITOR / DIGITAL OPERATIONS William Hall SENIOR WRITERS Renee Cordes Laurie Schreiber STAFF WRITER Alexis Wells CONTRIBUTING WRITERS Mark Jeanneret Carrie Yardley RESEARCH DIRECTOR Stephanie Meagher RESEARCH ASSISTANT Heide Martin ART DIRECTOR Matt Selva HOSPITALITY Buster, Malcolm HOSPITALITY EMERITUS Zoey SENIOR ACCOUNT MANAGERS Ken Hanson Kerry Rasor Betsy VanderPloeg MARKETING/OPERATIONS DIRECTOR Alison Nason OPERATIONS COORDINATOR Allison Spies AUDIENCE DEVELOPMENT SPECIALIST Leah Allen

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