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   Study: Lobster Supply Chain Contributes $1B To Maine Economy Each Year
by Bill Trotter, Bangor Daily News
Posted: Tuesday, March 6, 2018 at 3:43PM EST

A new economic study shows that the lobster supply chain in Maine contributes $1 billion to the state’s economy each year and generates 4,000 jobs throughout the state.

The economic impact study, conducted in 2016 by Colby College and Maine Lobster Dealers’ Association, examined the system of dealers, distributors and processors in the state that transfer lobster from the docks where fishermen unload to the places where consumers buy Maine’s signature seafood product. It took into consideration upstream and downstream spending on total lobster purchases; wages and taxes; operating expenses and capital investment, among other facets of the industry’s complicated supply chain.

“The impact generated by our wholesalers and processors is massive,” said Annie Tselikis, executive director of the dealers’ association.

To read the rest of the story, please go to: Bangor Daily News

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