Issue link: https://nebusinessmedia.uberflip.com/i/1512366
Does the Maine brand have a positive effect on the economic performance of businesses? Maine businesses and U.S. consumers agree "yes." We asked: Businesses Consumers Maine companies perform better economically than if located elsewhere. 3.45 3.77 Being a Maine company provides firms with a competitive advantage. 3.36 3.51 Being a Maine company motivates firms to invest in the state. 4.08* 3.72 *statistically significant Based on a scale of 1-5, with 1 being "Strongly Disagree" and 5 being "Strongly Agree." Who responded? Businesses Consumers 26% 24% 16% 12% 12% 10% Up to $100,000 $100,001 - $500,000 $500,001 - $2 million $2 million - $10 million $10 million - $50 million Over $50 million What were your annual sales in 2022? Manufacturing Professional, Scientific, & Technical Services Wholesale & Retail Trade Agriculture, Forestry, Fishing, & Hunting Finance, Insurance, & Real Estate Arts, Entertainment & Recreation Other Industry Sector (n=272) 12% 22% 40% 17% 4% 5% Less than $25,000 $25,001 - $50,000 $50,001 - $100,000 $100,001 - $150,000 $150,001 - $200,000 Over $200,000 Annual Household Income Industry Sector (n=272) What were your sales in 2022? Annual Household Income Where do you live? Percentage Florida 10.2% California 9.2% Texas 8.8% New York 7.6% Pennsylvania 3.7% Georgia 3.5% New Jersey 3.5% Illinois 3.3% Maryland 2.7% Washington 2.7% Other state 44.9% "Our business is international focused on the power generation sector. Maine could play a role if it begins to develop an export market for wood pellet fuel. Sustainability and rule of law are critical underpinnings of the markets we work in. Maine offers both." "My business was founded in Massachusetts, and then operated in California. Maine has been, by far, the best place to operate, run and grow a company/brand."