The Portland MSA is regarded as the strongest economic region in Maine. Approximately one third of Portland companies are in service industries and about 20% of the businesses are in retail. The city also includes a manufacturing sector and is a leading distribution center for Northern New England. In addition, the finance industry has long been a significant part of the economy. Tourism is also an important economic factor. The city is also home to a thriving port.
The healthcare industry is a major employer. The Maine Medical Center is one of Portland's top employers. Jobs are also provided by companies that produce items such as leather goods, stainless steel, plastic components, food products, metals, paper products, machinery, lumber and wood. Also, L.L. Bean Inc., is located nearby and is a major employer in the region.
Accolades for Portland Maine: Portland was included among the 50 best places for business and careers in the nation by Forbes Magazine. Inc Magazine ranked Portland #15 in a list of the top U.S. medium sized cities for doing business. Portland has also been ranked as the #1 market for small business vitality by the America City Business Journals.
The Career Center at Portland, helps companies seeking workers and also people looking for jobs. The center offers workshops and networking opportunities. The center also provides an apprenticeship program which provides on-the-job training in various occupations.
The following is a list of the largest employers in Portland Maine:
- TD Banknorth Inc
- Maine Medical Center
- Unum Life Insurance Company of America
- City of Portland
- Portland Public School District
- Goodwill Industries of Northern New England
- Roman Catholic Bishop of Portland Inc
- Diocese of Portland School Office
- Mercy Hospital
- Barber Foods
- Spurwink Services Incorporated
- Blethen Maine Newspapers Inc
- Catholic Charities Maine
- Erin, Inc
- Fairchild Semiconductor
- Unum Provident
The leading nonagricultural employment sectors are:
- Trade, transportation and utilities
- Health services
- Leisure and hospitality
- Professional and business services
Noteworthy information regarding Portland Maine: In 2008 the cost of living index was very close to the nation's average. Approximately 36% of the residents over the age of 25 have earned a bachelor's degree or higher. In 2007 the estimated median household income was $45,000.
Local companies have opportunities to work with helpful organizations including:
- Portland Regional Chamber
- Downtown Portland Corporation
- Maine Department of Economic and Community Development
The Portland Press Herald/Maine Sunday Telegram is a good resource for staying up-to-date with Portland business and industry news.