Remote technology has its limitations in a state like Maine, where a broadband connection simply isn't available in some rural areas. The state is scrambling to fill the digital divide.
Financial institutions in Maine were growing and expanding as the pandemic began, and have been able to maintain some of that momentum. Much of their work in 2021 will focus on helping Maine businesses get back on their feet.
Financial services seemed to cope with 2020 better than many industries. "The fact is that people need guidance with their money," says one financial planner.
Farmers and producers had to deal with the twin challenges of COVID-19 and drought during 2020. They'll likely continue this year, but agribusinesses look at the pandemic-spurred demand for local food as a bright spot.
The former senior policy analyst at the Federal Reserve Bank of Boston is again keynoting the Mainebiz "Five on the Future" discussion on Feb. 25. But first, he chats about 2020, and what may lie on the horizon in the year ahead.
Maine's hospitals, clinics and other health care organizations have been ground zero of the pandemic. Even with the rollout of COVID-19 vaccines and the widespread adoption of remote technology, the industry will be hard pressed in 2021.
Colleges and universities learned how to make learning work amid a global catastrophe. Leaders of Maine's schools are optimistic that their students will take that adaptability and tenaciousness with them as they enter the workforce.
The industry has lost 41,000 jobs because of the pandemic, and recovered fewer than half of them. The coming year doesn't look good either, although there may be some improvement in the third and fourth quarters.
The two largest yards in the state have been steadily growing despite the pandemic, and have a stream of work and facility upgrades lined up for the year.
The pandemic sent demand for the services of many nonprofits skyrocketing, and that trend is likely to continue. Nevertheless, groups are adapting and aiming to be resilient in 2021.
After a surprisingly strong year, with many transactions driven by the pandemic, the market for Maine properties is expected to be "vibrant." But a lack of inventory could put a damper on it.
Prospects for one of the industries hardest-hit by the pandemic won't even become clear for another month, says the head of the Retail Association of Maine.
A long-planned cold storage facility on the Portland waterfront and a pending sale of the state's largest railroad are on the horizon, demonstrating that the pandemic has slowed but not stopped changes in the transportation and logistics field.