The 2019 Statewide Economic Contribution of Maine’s Forest Products Sector
A new report on “The 2019 Statewide Economic Contribution of Maine’s Forest Products Sector” by Megan Bailey and Sheldon Green has been published.
Maine’s forest products sector includes a multitude of components including but not limited to businesses, organizations, and individuals involved with logging and forestry, paper and related product manufacturing, sawmills and wood-product manufacturing, wood furniture manufacturing, the generation of biomass electricity, and the Maine Forest Service. It’s clear this sector impacts Maine’s economy and the “multiplier effect” is a crucial component to consider when studying the total economic contribution to the state of Maine. When considering the impact of “multiplier effects,” Maine’s forest products sector contributed an estimated $8.1 billion in total output and over 31,000 full and part-time jobs to the state economy in 2019.