Freeport Economics at a Glance

New Page 1

Tax Base:

                30-33 % paid by business                                67-70% paid by residents

 

Year

New Business Starts

Businesses

Re-located/Expanded

Business Closures

2011

35

1

20

2010

24

1

22

2009

40

5

24

2008

38

4

23

2007

31

5

11

2006

18

-

23

 

Lease rates – average

School Street

$21

 

Depot Street

$10-15

 

Main north of Bow

$15

 

Bow/Main area

$30-52

 

Lower Main

$12-20

 

Route One South

$7-15

 

 

Vacancy Rates (includes Freeport Village Station)

 

Village

2010

Village

2011

Lower Main

2010

Lower Main

2011

Route 1 South

2010

Route 1 South

2011

Total

Town

2010

Total

Town

2011

Combined*

13.7%

10.1%

14.7%

22.4%

12.3%

7.6%

13.5%

11.7%

*Combined retail and office

 

Maine Taxable Sales

 

Total Sales (percent) (1)

Retail (percent)

Lodging (percent)

Restaurant (percent)

 

2010/

2009

2009/

2008

2008/

2007

2010/

2009

2009/

2008

2008/

2007

2010/

2009

2009/

2008

2008/

2007

2010/

2009

2009/

2008

2008/

2007

Freeport

4.99

-5.43

-8.42

6.09

-5.68

-9.77

5.33

-6.31

-6.46

-0.33

.96

3.08

Portland

3.71

-7.40

-4.15

3.87

-2.55

-3.13

12.72

-8.10

7.70

5.08

-1.41

4.10

South Portland

2.27

-9.00

-4.45

1.30

-10.46

-7.24

7.32

-11.03

-18.13

4.81

-1.90

-3.96

Ogunquit

8.95

-3.50

-0.58

9.55

15.21

-19.62

8.66

-3.26

-1.35

8.83

-3.26

0.65

Boothbay Harbor

-0.33

-10.78

-5.13

4.07

34.99

-8.51

15.89

-16.41

-3.75

3.02

-8.05

-6.40

Camden

-1.79

-8.23

-2.48

1.89

-11.74

-8.75

15.27

-8.29

3.97

4.29

.66

-0.56

Bar Harbor

9.94

-4.47

-0.69

8.73

10.42

-16.06

12.19

-4.75

0.28

11.24

-4.66

-1.48

Kittery

4.72

-3.44

-1.26

4.47

-4.11

-2.08

-9.58

-10.44

-5.12

7.85

2.38

3.36

Rockland

1.31

-8.69

-5.55

1.83

8.97

-13.04

7.33

-7.43

-3.33

6.40

3.40

8.6

Rockport

5.41

-12.10

-6.72

-6.06

-2.02

-6.83

7.76

-15.96

2.35

-0.88

-17.04

-6.69

State

3.00

-6.15

-1.76

3.17

-2.69

3.28

8.16

-6.44

-0.33

3.59

-0.09

7.78

Brunswick

-1.18

(2)

(2)

-2.31

(2)

(2)

-5.37

(2)

(2)

0.15

(2)

(2)

(1) Total of all taxable sales: Business Operating, Building Supply, Food Store, General Merchandise, Other Retail, Auto Trans, Restaurant, Lodging. (2) Data collection not started until 2009 for Brunswick.

 

Tax Rate (per $1000):

Freeport $15.15        Brunswick $22.87    Bath $17.20    Topsham $14.75    Yarmouth $19.80   Cumberland $15.30

Recent Openings:

Recent Closings:

Upcoming Changes:

Art Guild Gallery

Jos A Bank

Nordica Theatre

Freeport Yoga Company

Miyako

Friendly’s

The Prep Kitchen

Lovell Designs moving to 32 Main Street

 

This page is meant to provide a quick dashboard view of the current economics of Freeport. This document was updated on December 2, 2011