L.L.Bean is an American, privately held retail company founded in 1912 by Leon Leonwood Bean. The company is headquartered where it was founded, in Freeport, Maine. It specializes in clothing and outdoor recreation equipment.
Where Location is a Company Benefit
Maine is well-known for a reliable, productive workforce, excellent products, and quality of life.
Maine Facts
Demographics
| Population | 1.38 million |
| State capital | Augusta |
| Largest city | Portland |
| Land area | 35,380 sq miles / 91,633 sq km |
| Length of coastline | 3,478 miles / 5,597 km |
| Lakes and ponds | 6,000 |
| Forest | 17.6 million acres / 6.9 million hec (89% forest) |
| Location | Northeast region (includes Boston, New York, Philadelphia, and Washington) is home to 18% of the U.S. population and generates $3.75 trillion in annual economic output |
Economy
| GDP 2018 | $56.7 billion |
| Median household income 2017 | $56,277 |
| Annual real GDP Growth | 1.9% |
| State budget 2020-2021 | $8 billion |
| Exports 2018 | $2.8 billion |
| Imports via Maine 2018 | $3.8 billion |
Logistics
Intermodal transportation involves moving freight between points of origin and destination using two or more modes of transportation (e.g., rail, water, air, and highway).
Intermodal Truck & Rail Facilities
Maine has three active intermodal facilities in Portland, Searsport and Auburn. There are also a number of locations where bulk products are transferred between railcars to trucks.
Intermodal Deepwater Ports
With the 2013 arrival of Iceland’s largest shipping company, Eimskip, in Portland and the acquisition of a $14 million federal grant to help fund improvements at the state’s three deep-water ports, Maine is becoming an international shipping hub.
Portland
The port has a collection of terminals capable of accepting all forms of cargo including project, containerized, bulk & break bulk and petroleum. At the International Marine Terminal, the Maine Port Authority continues to develop transportation infrastructure and multi-modal capacity, opening Maine to new markets, business and investment.
Searsport
Searsport is located at the heart of Penobscot Bay. The port has recently undergone a major reconstruction positioning it to effectively serve the needs of shippers moving product in and out of Maine, and through the onsite rail yard Maine Northern Railway, to provide service to the heartlands of the US and Canada.
Eastport
Estes Head Cargo Terminal (EHCT) in Eastport can accommodate a ship of 900 feet in Berth A and one up to 550 feet in Berth B. Berth B is also an excellent berth for barges. EHCT’s 55-acre site has several open storage areas, three 20,000 square foot, drive-thru warehouses, and one 43,000 square foot warehouse.
Key Sectors
| Advanced Materials & Composites |
| Aerospace |
| Environmental Technology |
| Food & Beverage |
| Forest Products |
| Hospitality & Tourism |
| Life Sciences |
| Marine Construction & Technology |
| Renewable Energy |
Quality of Life
Maine ties with the lowest rate of residents wanting to leave in all 50 U.S. states.
GALLUP ASKED…Regardless of whether you will move, if you had the opportunity, would you like to move to another state or remain in your current state?
