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Maine Manufacturing Employment Declines 40%

November 28, 2011 By: admin Category: Current Comments or News

Mike Michaud, a Maine congressional representative, released a report on a survey of Maine’s manufacturing companies. The results of the report confirmed that Maine’s manufacturing employment has declined 40% since 1994. Some of the reasons for the decline, mentioned in the report, included:

Closed Factories – Over 13% of Maine’s factories have closed since 2001.

Foreign Competition – From China and other countries

Lack of Trained Employees – There is a shortage of workers with the right skills

Limited Exports – Foreign competition and lack of the right kind of export help from the federal government

Government Red Tape – Companies did not do business with the federal  government because of excessive costs and problems dealing with regulations

Businesses  indicated, in the survey, that they were concerned with government regulations, taxes, and health care costs.

You can find the complete report here.

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