Maine's Environmental and Energy Technology Sector: Economic Impact and Recent Growth

Abstract

This report examines the economic impact of Maine’s environmental and energy technology sector, and its growth between 2006 and the present. The analysis is based on information from a 2007 industry study and secondary data from a variety of sources. Results of the study show that, in 2012, Maine’s environmental and energy technology sector directly generated an estimated $847.5 million in output (i.e., sales revenue), supported 5,437 full- and part-time jobs, and provided$284.3 million in employee earnings. Maine’s environmental and energy technology sector has an annual economic impact, including multiplier effects, of an estimated $1.4 billion in output, 10,529 full- and part-time jobs, and$452.7 million in labor income. The employment and labor income directly associated with businesses and other organizations in the environmental and energy technology sector have increased by 3.2 percent and 27.6 percent, respectively, since the analysis conducted in 2007. By comparison, total employment and payroll, measured in current dollars, for the overall Maine economy changed by -2.7 percent and 11.9 percent over the same period