At a Blaine House event, the Governor touted the industry by citing Todd Gabe’s new study highlighting the economic impact of Maine’s Maple Industry.
“Maine’s maple industry contributes an estimated $27.7 million directly to the Maine economy,” said Governor LePage. “The new study also shows that Maine’s maple industry has an annual statewide economic contribution, including multiplier effects, of an estimated $48.7 million in output, 805 full- and part-time jobs and $25.1 million in labor income. Most importantly, this industry has a huge potential for additional job creation.
Other key findings of the study by University of Maine Professor of Economics Todd Gabe:
Maine has the third largest maple industry in the United States. Maine’s maple industry is characterized by a relatively small number of farms accounting for the vast majority of syrup that is produced. Maine’s licensed maple syrup producers have been in operation an average of 24 years, and many of the farms appear to span multiple generations. Maine’s maple industry—which counts the licensed producers, and sales at retail food stores and businesses impacted by Maine Maple Sunday—generates 567 full- and part-time jobs, and $17.3 million in labor income.”
See the Maine Sun Journal story!