Maine Department of Economic and Communuity Development

Government Economic Development Servicesmaine.gov

The Maine Department of Economic and Community Development (DECD) is a state government agency that promotes economic development, business formation, and community growth in Maine through business licensing, corporate services, small business support, forest resilience programs, and emergency communications infrastructure.

Company typePrivate
Founded1820
HeadquartersAugusta, United States
Headcount10,001+
GTM typeB2B
OfferingServices

What Maine Department of Economic and Communuity Development does

The Maine Department of Economic and Community Development (DECD) is a state government agency within the executive branch of the State of Maine, headquartered in Augusta. Its mandate is to promote economic development, business formation, and community growth across the state. DECD serves three primary constituencies: Maine businesses seeking to start, grow, or relocate; Maine landowners with forested properties seeking resilience and management support; and international trade partners interested in Maine-based collaboration and investment.

Maine Department of Economic and Communuity Development firmographics

Firmographics

Name: Maine Department of Economic and Communuity Development
Legal name: Maine Department of Economic and Community Development
Website: https://maine.gov
Company type: Private
Founded year: 1820
Operating status: Operating
Headcount range: 10,001+ employees
Short description: The Maine Department of Economic and Community Development (DECD) is a state government agency that promotes economic development, business formation, and community growth in Maine through business licensing, corporate services, small business support, forest resilience programs, and emergency communications infrastructure.
Ownership category
akta.pro rank

Maine Department of Economic and Communuity Development industry classification

Industry

Product category: Government Economic Development Services
NAICS: Regulation and Administration of Communications, Electric, Gas, and Other Utilities (92613), Administration of Environmental Quality Programs (9241)
akta.pro primary industry: Solid Waste & Recycling Services Administration (BPAIACAH)
akta.pro secondary industry: Digital Development & ICT4D / GovTech Technical Assistance (BPADAEAL)

Keywords

Economic development services
Business licensing assistance
Small business support
Forest resilience programs
Government incentive programs

Where Maine Department of Economic and Communuity Development is headquartered

Location

Headquarters

HQ city: Augusta
HQ country: United States
HQ region: North America

Markets served

Maine Department of Economic and Communuity Development business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Distribution channels2 records

Marketing channels4 records

Maine Department of Economic and Communuity Development product offering

Product offering

Core offering

The Maine Department of Economic and Community Development (DECD) is a state government agency that delivers economic and community development services for Maine. Its core offerings include business licensing and permit guidance, corporate filing and incorporation assistance, small business development center support, workforce and incentive program administration, the WoodsWISE Resilience Program (a $9M forest resilience initiative), and the statewide Next Generation 9-1-1 system managed through the Emergency Services Communication Bureau.

Product overview

The Maine Department of Economic and Community Development (DECD) provides a portfolio of business development services including licensing guidance, corporate filing assistance, and small business support through Development Centers. The department also coordinates with other state agencies including the Maine Forest Service's WoodsWISE Resilience Program ($9M initiative through 2029) and the Emergency Services Communication Bureau's statewide Next Generation 9-1-1 system.

Differentiator

Problem solved

Functional benefit

Products and services

Business Licensing & Permit Services

Quantifiable outcome

Landowners can receive 60-90% cost coverage for forest resilience planning and implementation, up to $20,000 in funding per landowner

Companies that use Maine Department of Economic and Communuity Development

Customer profile

Segments3 records

Ideal customer profiles3 records

Maine Department of Economic and Communuity Development technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Maine Department of Economic and Communuity Development partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core and minor.

Finland Ministry of Agriculture and ForestrycoreStrategic or Co-development Partner · 1 January 2019Ongoing collaboration under a Memorandum of Understanding with Finland's Ministry of Agriculture and Forestry on the forest bioeconomy. DACF has led collaborative activities with Finland on behalf of the State of Maine since 2019. Includes knowledge exchange, market expansion, and business development opportunities in forestry sector.
Maine Department of Agriculture, Conservation and Forestry (DACF)coreStrategic or Co-development PartnerCo-hosting Finland forest bioeconomy delegation and Wood Build Maine conference. DACF leads forest-related collaboration activities for the state.
Maine International Trade Center (MITC)coreStrategic or Co-development PartnerCo-hosted Finland delegation and Wood Build Maine conference. Supports international trade and business development activities.
National Association of State Departments of Agriculture (NASDA)minorStrategic or Co-development PartnerSponsored the Finland delegation inbound mission. Provides platform for state agriculture department collaboration.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Maine Department of Economic and Communuity Development competitors and assessment

Company assessment

Direct peers

Vermont Agency of Commerce and Community Development: Vermont's state-level economic and community development agency, covering business assistance, housing, and community planning. Directly comparable as a small New England state ED counterpart to Maine DECD.
Connecticut Department of Economic and Community Development: A New England state economic and community development agency with a nearly identical mandate name and scope, administering business incentives, community development programs, and sector-specific initiatives. Highly comparable in function and structure to Maine DECD.
New Hampshire Department of Business and Economic Affairs: New Hampshire's state economic development department, supporting business formation and expansion across the state. A neighboring New England ED peer with overlapping business support services.
Massachusetts Executive Office of Housing and Economic Development: The Massachusetts state cabinet-level agency overseeing housing, economic development, and business permitting. Operates the same broad state ED mandate as Maine DECD, though at a larger scale.
Rhode Island Commerce Corporation: Rhode Island's quasi-public state economic development organization handling business attraction, incentives, and international trade. Comparable to Maine DECD in serving a small New England state economy.

Broad incumbents

Colorado Office of Economic Development and International Trade: Colorado's state ED agency explicitly incorporating international trade. Comparable to Maine DECD's international trade function via MITC, though Colorado operates its own in-house international trade division at larger scale.
Empire State Development (New York): New York's principal economic development organization with a much larger budget and broader mandate. Operates the same core function as Maine DECD (business attraction, incentives, community development) but at greater scale and with deeper program portfolios.
Pennsylvania Department of Community and Economic Development: Pennsylvania's state agency combining community and economic development mandates, similar in name and scope to Maine DECD. A larger-scale counterpart administering business incentives, community development, and international investment programs.

Others

Maine Department of Agriculture, Conservation and Forestry (DACF): Maine's sister state agency that leads the WoodsWISE Resilience Program and forest bioeconomy partnerships, including the Finland MOU. Operates as a co-delivery partner with DECD on forestry, conservation, and international collaboration initiatives.
U.S. Economic Development Administration (EDA): A federal agency within the U.S. Department of Commerce that provides grants and technical assistance for economic development. While not a direct competitor, EDA is a key funding counterpart and policy partner for state-level ED agencies like Maine DECD.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Maine Department of Economic and Communuity Development financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Maine Department of Economic and Communuity Development leadership team

Management profile

Number of profiles

Maine Department of Economic and Communuity Development funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Maine Department of Economic and Communuity Development M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Maine Department of Economic and Communuity Development

What does Maine Department of Economic and Communuity Development do?

Is Maine Department of Economic and Communuity Development a public or private company?

Maine Department of Economic and Communuity Development is a private company. It is classified as state government owned and is currently operating.

When was Maine Department of Economic and Communuity Development founded?

Maine Department of Economic and Communuity Development was founded in 1820. It employs 10,001+ people.

Where is Maine Department of Economic and Communuity Development based?

Maine Department of Economic and Communuity Development is headquartered in Augusta, United States, in the North America region.

Who are Maine Department of Economic and Communuity Development's main competitors?

Direct peers on record are Vermont Agency of Commerce and Community Development, Connecticut Department of Economic and Community Development, New Hampshire Department of Business and Economic Affairs, Massachusetts Executive Office of Housing and Economic Development and Rhode Island Commerce Corporation. Broad incumbents are Colorado Office of Economic Development and International Trade, Empire State Development (New York) and Pennsylvania Department of Community and Economic Development. Others are Maine Department of Agriculture, Conservation and Forestry (DACF) and U.S. Economic Development Administration (EDA).

Does Maine Department of Economic and Communuity Development have an API?

No public API is recorded for Maine Department of Economic and Communuity Development.

What industry is Maine Department of Economic and Communuity Development in?

Maine Department of Economic and Communuity Development's product category is Government Economic Development Services. Its primary akta.pro industry code is BPAIACAH, Solid Waste & Recycling Services Administration, with a secondary code of BPADAEAL, Digital Development & ICT4D / GovTech Technical Assistance. Its NAICS code is 92613.