Grow Smart Maine - 309 Cumberland Avenue Suite 202, Portland Maine 04101, 207-699-4330
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GrowSmart Maine

309 Cumberland Avenue
Suite 202
Portland, Maine 04101
207-699-4330

GrowSmart Maine
 
Excerpts from Brookings Report Summary:

 

Why is Brookings optimistic about Maine?

 

Brookings found many of Maine's well-known problems, but also some surprisingly positive news that Maine can build on.

 

Our population is growing again

In spite of the well-publicized flight of young people out of the state, Maine's population is growing again at a pretty good clip. Since 2000, we've jumped from 46th to 26th in overall population growth, the biggest acceleration of any state. The influx of newcomers between 2000 and 2004 was the biggest surge in the past half century. Furthermore, these newcomers aren't just flocking to southern Maine or the coast. They're spreading out to every corner of the state. Our in-migration now ranks the state fifth in the nation behind such popular destinations as Nevada, Arizona, Florida and Idaho. Who are these newcomers? They're mostly healthy, wealthy retirees, but also a growing number of better educated young professionals fleeing cities to our south. Why are they coming? A big reason is Maine's special quality of place.

 

The economy is diversifying

Like the rest of the nation, Maine has been undergoing wrenching economic change for a generation. We've lost manufacturing jobs and we've struggled to find good alternatives. Fortunately, we may finally be reaching the end of that transition. Maine's economy outperformed the nation's economy in unemployment levels and growth every year between 1998 and 2004. Per capita income now stands as close to the national average as ever before. More encouraging, Maine fortunes are no longer tied to hard-labor jobs in shoe-making, fishing, and logging. Paper companies and other manufacturers are leaner and more productive. Business services are growing because Maine is on the edge of the greater Boston orbit. And Maine is beginning to produce the high-wage jobs of tomorrow in biotech, precision manufacturing, information technology, composite materials and a host of other innovation sectors.

 

The Maine 'brand' is gaining in value

Brookings says Maine's quality of place is one of our strengths in the new economy. We can live modern lives - connected to the world through rapid transportation and internet connections - and still be close to working fishing villages, neighborly small towns, family-run farms, and accessible wild places. That is a powerful new reality in Maine today. Quality places, quality products and quality of life - that's the Maine brand. Sometimes we underestimate the power of that brand, but products that evoke Maine sell all over the world.  Just ask L.L. Bean, Poland Spring, and Tom's of Maine. Economists say Maine's image, growing out of this special place and the people who live here, gives us a "competitive advantage" over other places that are more like "Anywhere USA."