![]() ![]() Investments that contribute to and improve quality of life can be more effective economic development tools than traditional strategies such as business tax incentives. ![]() ![]() Maine’s aging demographic and resulting labor market conditions are a longstanding challenge for the state that can be positively impacted by continuing to attract new Mainers. A growing, more diverse, and younger population in Maine is encouraging, as the state has the oldest population in the US by median age (44.7 years) and by percent of the population age 65+ (21.7%). Recent population growth in Maine is ranked among the fastest in the nation.įrom 2020 to 2021 Maine’s population increased by nearly 10,000 or 0.7%, driven in part by an increase in remote work and people seeking locations that allow for work-life balance and access to outdoor recreation. ![]()
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