Category Archives: Economy

How Maine ranks as ‘business friendly’ under Gov. Paul LePage, in 5 charts

When you think of “business friendliness,” what comes to mind? Perhaps how it was a key promise of Gov. Paul LePage’s 2010 campaign. Perhaps Forbes magazine’s dogged placement of Maine dead-last in its annual “business climate” rankings, based on a proprietary formula. Or perhaps it’s the sign that lets you know that not only is Maine the way life should be, […]

Bloomberg highlights Maine’s sluggish Internet speeds, municipal solutions

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Bloomberg News reported something with which you, loading the BDN website, are probably well aware: Internet speeds in Maine are not the fastest. The report from Bloomberg follows writer Susan Crawford’s favorable review of Rockport’s municipally owned broadband network, unveiled earlier this month. The report highlights some of the challenges well-known to Maine Internet users but also the […]

Today on the auction block: carbon emission allowances

Power plant emissions

The 25th carbon allowance auction through the Regional Greenhouse Gas Initiative (RGGI) starting today is bringing out supporters and opponents of the Northeast cap-and-trade program. Supporters like the Natural Resources Council of Maine argue that the nearly $50 million paid by Maine producers for carbon allowances have supported investments that will provide long-term environmental and economic returns (they debuted two case studies […]

The Queen City is a relatively cheap date

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So, you’re stuck with the classic problem of where to spend your $100 and your choices are Bangor, Lewiston, Portland or any of the untamed non-metropolitan areas in between. Naturally, you’d consult the U.S. Bureau of Economic Analysis. And here’s what the bureau would say: Go to Lewiston. Bangor’s not far behind. And the Portland area will […]

Maine’s real estate, health care industries grow the most; administrative services grows the fastest

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Maine’s real estate and health care are making up an increasing share of the state’s economy, according to preliminary statistics from the U.S. Bureau of Economic Analysis. It’s no surprise — given demographic trends — that Maine’s economic growth has lagged the nation’s. The latest batch of data, however, gives more detail on the shifting internal makeup of the state’s […]

339 degrees of separation: Which state university, college degree-holders earn the most one year out?

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The Maine Department of Labor on Monday released a new data set showing the average wage for graduates earn their first year out, by degree type and school. In short: If you want to know who’s raking it in after just one year, read on. There are some caveats. I’ll get to those first. A liberal arts school graduate myself, it’s worth […]

Unofficial take: Consumer spending held up in Maine through recession

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How did Maine fare through the recession and recovery? Well, we don’t know for sure and it’s more complicated than one number, but preliminary data from the Bureau of Economic Analysis bolsters a storyline that Maine wasn’t one of the Great Recession’s swing states. That is, the lows weren’t as low and the swing back […]

Who’s Maine’s richest person? Only #48 in a list of each state’s wealthiest

Wealthiest person by state map from Movato.

Leon Gorman, grandson of L.L.Bean founder Leon Leonwood Bean, former chairman of the company’s board and its past CEO for 33 years, was singled out as Maine’s richest person in a tally by the real estate blog Movoto. Like all viral state-by-state surveys, this one that hit the wire late Thursday has been buzzing about with observers sharing a wide […]

Where wages were highest in Maine and the nation (hint: not Maine) in 2013

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The most detailed survey on wages and employment issued by the Bureau of Labor Statistics shows the average wage in Maine rose about 2 percent from 2012 to 2013. The national average weekly wage rose about 1 percent for the same period. That’s for private sector employees on a payroll (the data is comes through the unemployment insurance system), or most […]