Top Reasons Companies Invest in Maine
Location – Proximity to Markets
The Boston – Washington corridor is home to 18 percent of the U.S. population. Extending 500 miles through New York and Philadelphia, the region generates $3.75 trillion in economic output annually, only behind the U.S., China and Japan. Canada and Maine share a 600-mile border with trade and investment totaling more than $3.5 billion a year.
Workforce – Experienced and New Talent
An educated and motivated workforce is critical and a major factor in selecting a new location. More than 20 public colleges and universities enable the state to develop long-term workforce capacity, while 7 community colleges can address immediate industry training needs.
Revenue – Lower Cost of Doing Business
Innovative and creative business incentives, lower labor and property costs, ready access to R&D, infrastructure and reduced regulation, combine to make Maine an economically viable and competitive option.
A few of the companies investing in Maine include: Huhtamaki Food Service, International Grand Investment Corp, InSphero, Jotul, Lufthansa Technik, McCain Foods, Molnlyche Health Care, and Sappi Fine Paper North America.
“Sappi Fine Paper North America has a heritage of research and development at our plants in Maine where we continue to attract a talented and innovative workforce.”
– Amy Olson, Manager, Corporate Communications, Sappi Fine Paper North America, Westbrook, Maine
View complete list: Foreign Direct Investment in Maine
Why did InSphero chose to locate in Maine?
“Proximity to talent, both new to the workforce and experienced; proximity to customers; and proximity to Switzerland, in terms of travel and time zones.”
– Jan Lichtenberg,Ph.D., CEO/Co-founder, InSphero
Based in Zurich, Switzerland, InSphero is a life science technology provider and the world’s leading supplier of organotypic 3D microtissues for drug safety and efficacy testing.