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Fact Book: Doing Business in Maine 2025

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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 2025. 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. Q UA L I T Y O F L I F E A showcase for Maine photographers — and data, too . . . . . . . 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 data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Making waves in Maine,. . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 'Lift All Boats' program mentors teens in the art of lobstering Living in Portland without a car is possible, but challenging . 22 Advocates call for safer streets PHOTO ESSAY: More than books . . . . . . . . . . . . . . . . . . . . . 26 Maine's libraries have a storied history, but they're living in the present 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 B U S I N E S S R E S O U R C E S SBA PROFILE: Hot Suppa! . . . . . . . . . . . . . . . . . . . . . . . . . . 38 S P O N S O R E D C O N T E N T Baker Newman Noyes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 SBA PROFILE: Graves Supermarket . . . . . . . . . . . . . . . . . . . . 42 SBA PROFILE: Edelweiss Pastry Shop . . . . . . . . . . . . . . . . . . . 43 S P O N S O R E D C O N T E N T Brann & Isaacson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 SBA PROFILES: Guided Makers / Acadia Insulation . . . . . . . . 46 S P O N S O R E D C O N T E N T Canam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 S P O N S O R E D C O N T E N T Headlight Audio Visual . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 LIST: Maine's largest SBA loans. . . . . . . . . . . . . . . . . . . . . . 52 LIST: Most active SBA lenders in Maine . . . . . . . . . . . . . . . . 53 S P O N S O R E D C O N T E N T John F. Murphy Homes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 S P O N S O R E D C O N T E N T Lotfey Dennett Insurance Brokers . . . . . . . . . . . . . . . . . . . . . 56 LIST: Largest Finance Authority of Maine loans . . . . . . . . . . . 58 S P O N S O R E D C O N T E N T Mascoma Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 S P O N S O R E D C O N T E N T Northeastern University's Roux Institute . . . . . . . . . . . . . . . . 62 FAME PROFILES: North Spore / Springworks Maine Inc. . . . . . 64 S P O N S O R E D C O N T E N T Pond Cove Millwork Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66 FAME PROFILES: Roselyn North Academy / . . . . . . . . . . . . . . 68 Great Northern Salmon / EME Biofuels FAME PROFILE: Tanbark Molded Fiber Products Inc. . . . . . . . . 69 S P O N S O R E D C O N T E N T Sweetser . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 Finance Authority of Maine resources . . . . . . . . . . . . . . . . . . 72 S P O N S O R E D C O N T E N T Thomas College . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74 Resource Guide. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76 Maine's resources for innovators S P O N S O R E D C O N T E N T WHILDE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78 PHOTO ESSAY: Monson's moment . . . . . . . . . . . . . . . . . . . . 80 A Maine town with an arts community and a James Beard Award-winning restaurant I N N OVAT I O N / R & D The tide waits for no one . . . . . . . . . . . . . . . . . . . . . . . . . . . 84 Midcoast's Bigelow Lab invests in ocean research LIST: Maine's National Institutes of Health grant recipients . . 88 LIST: Maine's largest brewers . . . . . . . . . . . . . . . . . . . . . . . 90 LIST: Maine's largest chambers of commerce . . . . . . . . . . . . 92 Scallop growing gear is harvesting shellfish — and awards . . . 94 PHOTO ESSAY: Beyond Vacationland . . . . . . . . . . . . . . . . . . 80 A Maine photographer captures manufacturing in the Pine Tree State. WO R K F O R C E Employment data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102 Multifamily housing and construction data. . . . . . . . . . . . . . 104 COMMENTARY: Maine manufacturing: . . . . . . . . . . . . . . . . 106 Strong roots, stronger future 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108 LIST: Largest Maine-based construction firms . . . . . . . . . . . 112 LIST: Maine's largest business and industrial parks. . . . . . . 114 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 DEPUTY EDITOR Renee Cordes DIGITAL EDITOR Alexis Wells SENIOR WRITER Laurie Schreiber STAFF WRITER Tina Fischer CONTRIBUTING WRITERS Mark Jeanneret Carrie Yardley RESEARCH DIRECTOR Stephanie Meagher RESEARCH ASSISTANT Heide Martin ART DIRECTOR Matt Selva HOSPITALITY Buster, Claire HOSPITALITY EMERITUS Malcolm, Zoey SENIOR ACCOUNT MANAGERS Ken Hanson, Kerry Rasor, Betsy VanderPloeg ACCOUNT EXECUTIVE Michelle Phillips EVENTS & MARKETING DIRECTOR Samantha Elliott OPERATIONS AND ADMINISTRATIVE MANAGER Allison Spies AUDIENCE DEVELOPMENT SPECIALIST Leah Allen ON THE COVER: Photos by Tim Greenway. To view more of Tim's work, visit timgreenway.com. Captions clockwise from left — 1. Tungsten carbide end mills, cutting tools used for milling steel and cast iron, at Harvey Performance Co. in Gorham. Harvey Performance Co. manufactures precision industrial cutting tools for industries worldwide. 2. John Rogers is seen through a welding screen working on a stove component at Jøtul, a Gorham manufacturer of wood and gas stoves, as well as gas fireplace inserts. 3. Nick Wilson clears debris and sawdust from a PHL horizontal resaw at the Hancock Lumber Casco Sawmill. Hancock Lumber operates three sawmills and is one of the largest producers of Eastern White Pine products in North America. 4. Threads enter a tank filled with melted wax at Maine Thread Co. This four-generation company manufactures waxed hand-stitching threads at the Pepperell Mill in Lewiston.

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