From the depths of the Great Recession, Maine’s economy began a steady rebound that has allowed some industries to flourish despite a growing worker shortage.
Staff Report – Portland Press Herald
Maine started 2010 in the trough of the Great Recession, with the state’s economy suffering from high unemployment, stagnant real estate development, depressed home prices and a dearth of investment capital, both public and private.
What followed was a decade of steady growth and recovery for many industries, with some going on to achieve new heights, including tourism, dining, hospitality, craft brewing, lobster and animal health. One new industry – legalized marijuana – has emerged, while an old one – pulp and paper – has experienced tremendous decline.
One worsening economic factor that threatens Maine’s future growth is the state’s aging population. Companies in Maine say a growing shortage of skilled labor has become their biggest challenge.
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https://www.pressherald.com/2019/12/29/the-decade-in-maine-business-and-economy/