This is a what if question for Bangor Maine but it could make since in any area that was once big in lumber, paper or other wood product industries. Bangor once was the lumber capital in Paul Bunyan folklore days. Then there was Paper. Great Northern Paper Co was once the largest paper mill around. Even some of the best furniture was made in these parts. What changed? Maine continues to be the most forested state in the nation. We are the closest state to the European market and have some great ports and a long seacoast. There are many reasons and many excuses. One day, it will be back! The raw materials are here. It is a very competitive world out there. We need to be on the cutting edge of new technology. New mills and more innovation are faster and more productive. If a mill does not constantly upgrade, competition takes over. We just need investors and innovative thinkers to work their magic. It would be great to have more input on this subject. A group manager who comes from the forest products industry would be ideal also.
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Financial Client Service Representative at BNY Mellon
5 年A question I think the State has really failed to ask or sufficiently answer ... what changed? As you point out the raw materials are still present and the workers still in high supply. The only real change was in technology and shame on the State for not getting behind the changing technologies soon enough to save such an important industry