Economic Contributions of Colleges and Universities in Maine
Publication Name: School of Economics Staff Paper 639
This report shows the following:
Maine has 38 colleges and universities that educate 72,605 students, employ a combined 14,621 non-student workers, and generate about $2.2 billion in annual revenue.
Colleges and universities in Maine generate a total annual economic contribution— including the spending of students and visitors, and multiplier effects—of an estimated $4.5 billion in output, 31,267 full- and part-time jobs (not including student workers), and $1.7 billion in labor income.
Maine’s colleges and universities support at least ten jobs in 125 Maine sectors, and there are statewide employment impacts of twenty jobs or more in 108 industries