Investment Creates Foundational Jobs
Let's strengthen Maine's economy
The Problem
Maine needs a strategic plan that prioritizes a better business climate for growing foundational jobs. The current business climate in Maine presents challenges for economic growth. Maine has high costs, regulatory burdens, and a lack of skilled workers. Investors do not see Maine as a prosperous state to start or expand businesses. How can we fix that and make Maine more attractive to investors?
The Solution
Creating foundational jobs starts with investment. Every economic activity starts with an idea and depends on funding to make that idea, new business or expansion possible. Investors and investment are critical to job creation, economic growth, and prosperity.
Investors have to select among competing ideas and projects, trying to predict what people most need and want. They have to risk their money and energy knowing most businesses fail, and they have to select the innovations, products, locations, states, cities, tax policies, and cost structures to give them the best chance of success.
Investors go to states and cities where they have the best chance of creating successful companies. Places with competitive taxes, health care, energy costs, and quality infrastructure. They look for a growing population, an expanding skilled workforce, and government regulation and oversight that is reasonable, rather than hostile.
Maine needs a comprehensive strategic plan to attract investors.
How Maine Can Attract Investors?
Infrastructure Investments: Investments in infrastructure create jobs and spur economic activity. Every dollar invested in public infrastructure generates $3.70 in economic activity. In order to attract private investment, the state needs to make infrastructure improvements, such as repairing roads and bridges, expanding broadband access, and upgrading utility systems
Infrastructure Investments: Investments in infrastructure create jobs and spur economic activity. Every dollar invested in public infrastructure generates $3.70 in economic activity. In order to attract private investment, the state needs to make infrastructure improvements, such as repairing roads and bridges, expanding broadband access, and upgrading utility systems
Reducing the Cost of Doing Business: Maine needs to make it more affordable for businesses to operate here. The state can help by offering tax incentives and eliminating regulations that are counterproductive to growth.
Creating a More Business-Friendly Environment: Make Maine more competitive by reducing costs, and barriers to job creation and investment. In response, employers will pay higher wages, train workers and bring in skilled labor. These jobs will bring more money into Maine
Attracting skilled workers: Maine’s young people are moving away and workers are not coming to Maine because of the lack of opportunity, low wages, high taxes and living expenses. Growing jobs means having enough skilled workers to take those jobs.
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