Economic Impact Report

Planning Decisions, Inc. released a report in October of 2014 delving into Maine Maritime Museum’s economic impact on the region and the state, building upon the Maine Arts Commission’s 2009 study of museums as economic drivers. Conducted by economist Chuck Lawton, the study details how the museum’s own spending, and that of its 56,000 annual visitors, spreads out through the community to create a substantial impact, helping stabilize the Midcoast economy that relies heavily on defense spending, and creates a draw for out-of-state and international tourists. Lawton emphasizes:

Overall, Maine Maritime Museum’s annual visitor spending is estimated at $14 million, with the majority of the money being brought to Maine from other states and countries, creating a significant contribution to the economic growth of the region and state. Furthermore, MMM’s importance to branding Maine as an attractive place to visit is “virtually priceless,” according to the report, which states that were a marketing firm assigned to produce this level of brand impact for the state, “its cost would be in the millions.”

 A complete copy of the report is available here: www.mainemaritimemuseum.org/media/economicimpact.pdf.

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Maine Maritime Museum

243 Washington Street
Bath, Maine 04530