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March 18, 2024 Edition
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2024 Business Leaders of the Year

Mainebiz is proud to present the 2024 Mainebiz Business Leaders of the Year. We think you'll be fascinated to learn about these 12 remarkable individuals. As you'll see, they span the state and come from a diverse range of industries, including the nonprofit sector. From entrepreneurs to educators, from people who are beginning their careers to people who are retired, this year's class is an impressive bunch.

Today's Poll

Are you worried about how potentially higher U.S. tariffs could affect your business?
Poll Description

With the election of Donald Trump to a second term as president, it seems likely that the United States will impose significant tariffs on imported goods and materials.

A tariff is a tax, of course — though not truly a sales tax, as it's been called. For American businesses and consumers, however, the effect could be the same.

Under Trump's plan, businesses would have to pay a tariff of 10% to 20% on anything they import, and as much as 60% on imports from China. Typically, such extra costs get passed along to customers in the form of higher prices.

When other countries retaliate with tariffs of their own on U.S. exports, the effect is compounded.

The Peterson Institute for International Economics, a nonpartisan think tank, issued an analysis in September of what all this could mean.

Among the findings: "Assuming other governments respond in kind, Trump’s 10 percentage point increase results in U.S. real GDP that is 0.9 percent lower than otherwise by 2026, and U.S. inflation rises 1.3 percentage points above baseline in 2025."

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