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Economic & Transport Trends Affecting Maine’s Future

Presentation to MaineDOT August 8, 2005. Economic & Transport Trends Affecting Maine’s Future. Glen Weisbrod Economic Development Research Group, Inc. 2 Oliver Street, Boston, MA 02109 www.edrgroup.com. Topics. Integrating Transportation with the Economy. Maine Economy

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Economic & Transport Trends Affecting Maine’s Future

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  1. Presentation to MaineDOT August 8, 2005 Economic & Transport Trends Affecting Maine’s Future Glen Weisbrod Economic Development Research Group, Inc. 2 Oliver Street, Boston, MA 02109 www.edrgroup.com

  2. Topics Integrating Transportation with the Economy • Maine Economy • Dependence on Links to Outside Areas • External Factors Providing Opportunity for Maine’s Future Economic Growth

  3. 1. The Maine Economy …A foundation of core export sectors…

  4. Fish Food Products Forestry & Logging Paper Mfg Wood Products Textile Mills Textile Products Basic (Traded) Industries Maine Industries with Above-Average Concentration of Jobs (Inflow of $) Leather Products Transport Equip Waste Mgmt Recreation Accommodations Insurance Largest Maine Industries Retail Trade Health Care Government Construction

  5. Recipients (Highest Value, ’02) Canada Singapore & Malaysia Japan & Korea UK & Belgium China & Hong Kong Maine Exports What’s New • Technology Products • Air Cargo Growth • Int. Trade Corridors Maine Exports (Highest Value, ’02) Paper Electronics Lumber/Wood Fish Industrial Machinery

  6. Site of Export from NE US by Port of Exit, $ Billions of Value, 2002 J.F.K. INTL AIRPORT, N.Y. $ 32.6 BUFFALO-NIAGARA FALLS, N.Y (LAND) $ 10.9 NEW YORK, NY - PORT $ 10.6 LOGAN INTL AIRPORT-BOSTON $ 4.6 LAREDO, TEXAS $ 3.4 CHAMPLAIN-ROUSES PT., NY (LAND) $ 3.0 NEWARK, NJ - PORT $ 2.7 NEWARK INTL AIRPORT $ 1.9 NEW ORLEANS INTL AIRPORT $ 1.8 DETROIT, MICHIGAN (LAND) $ 2.1 ALEXANDRIA BAY, NY (LAND) $ 2.1 BALTIMORE, MD - PORT $ 2.1 PHILADELPHIA INTL AIRPORT $ 1.9 HIGHGATE SPRINGS-ALBURG, VT (LAND) $ 1.6 ANCHORAGE INTL AIRPORT $ 1.2 NORFOLK, VA - PORT $ 1.2 LOS ANGELES/LONG BEACH - PORT $ 1.2

  7. Maine Product Exports Maine Exports ($1.8b) via 1 Calais 2 JFK Airport 3 Jackman 4 Buffalo, NY 5 Derby, VT 6 Eastport 7 Logan Airport

  8. Value of Mfg Freight Ton-Miles Population Expanding Markets

  9. Maine – Modal Reliance Value $ Billions -- Freight To, From, Within Maine

  10. 2. Dependence on Links to Outside Areas …Current Reliance on N-S Corridor…

  11. Truck Flows to/from Maine TruckAccess to/from Maine’s Businesses depends critically on the I-95 Corridor through NYC

  12. Highway Congestion But Maine’s Access Route via I-95 and NYC is moving towards Gridlock! 1998 2020

  13. Cross-Border Truck Flows Currently New England products have larger volumes crossing in Vermont and NY State. This becomes harder to sustain with increasingly congested Interstate highway Routes.

  14. 3. External Factors Provide New Opportunity for Growth …Trade Corridors…

  15. Why a Corner of the Action?

  16. Why Left Out of US Planning? Federal High Priority Corridors

  17. An Alternative View Emerging Global Trade NetworkIntegrated, Intermodal Logistics

  18. NE Can-Am Connection • U.S. -- Maine to northern tier of New Hampshire, Vermont, and New York • Canada provinces: Quebec, New Brunswick, Nova Scotia, Prince Edwards Island

  19. Common Economic Distress aging population high unemployment low population growth declining industries (paper, agriculture)

  20. Limited E-W Connections • Six N-S Interstate Highways (I-95, I-93, I-91, I-89, I-87, I-81) • No E-W Interstate north of I-90 • E-W link in Canada has detour around Maine Poor Access to prod. centers in N. Midwest (Lake Huron to Maine Coast = 600 mi by air, 2000 mi by road)

  21. Potential for Trade Route Region is between 2 Powerful Economic centers: Boston -Washington corridor to the South and Chicago - Quebec corridor to the West • Two corridors account for 40% of GDP of US and CA • Region needs access to US Midwest & Canada to grow Hwy and Rail Route: Potential to intersect with six North-South interstate corridors within 500 miles

  22. Increasingly Global Economy • New connections justified by changing trade routes (e.g., NAFTA) and emerging global economy (air and seaport connections) • Old connections degrading due to congestion and over-concentration

  23. …On the Web Northeast CanAm Connections www.canamconnections.com Transportation& Economic Development Conference www.ted2006-littlerock.org March 28-30, 2006

  24. Contact Info Economic Development Research Group, Inc. 2 Oliver Street, 9th Floor Boston, MA 02109 USA 617-338-6775 www.edrgroup.com Bibliography of Links to Reports on Transportation & Economic Development www.edrgroup.com/edr1/library

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