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Maine's public universities directly invested more than $630 million in the Maine economy in FY23

ORONO - The University of Maine System (UMS) invested more than $630 million directly into the Maine economy last fiscal year through payroll and purchasing, a new analysis shows. UMS is among the state’s largest employers and in FY23, System payroll directly supported 14,640 faculty, staff and student workers, providing $526 million in total compensation ....

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