America's Top States For Business

45. Maine

Category Score 2014 Rank 2013 Rank
Cost of Doing Business2302916
Workforce11641 (Tie)43
Quality of Life2198 (Tie)5
Infrastructure & Transportation964644
Economy1304846
Education102827
Technology & Innovation794332
Business Friendliness952827
Cost of Living1338 (Tie)39
Access to Capital1129 (Tie)33
Overall10914538

Economic Profile

Governor: Paul LePage, Republican

Population: 1,328,302

GDP growth: 0.9 percent

Unemployment rate (May 2014): 5.7 percent

Top corporate tax rate: 8.93 percent

Top individual income tax rate: 7.95 percent

Gasoline tax: 48 cents/gallon

Bond rating/outlook: Aa2/negative

Major private employer: Hannaford Brothers Co.

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Maine FY 2013 CAFR

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