Every January, Mainebiz looks at the coming year and asks a range of experts, “Where is the economy headed?” This year, we asked CEOs, business owners and nonprofit leaders what 2020 will look like. A year ago, many were expecting a recession. That didn’t materialize and this year many are expecting to stay strong throughout the year. Yet, even though some sectors are strong, there are concerns out there. Construction costs continue to skyrocket, consumer goods are getting more expensive, health care costs are rising. As you’ll see from the responses, there’s not a clear direction the economy is headed.

Business Leaders Include...

JB Turner, president and general manager of Front Street Shipyard

Rob Snyder, president of the Island Institute

Kristan Porter, president of the Maine Lobstermen’s Association