Top States For Business

46. Maine

Source: George Kavallines
Category Score 2016 Rank 2015 Rank
Workforce1285050
Cost of Doing Business1603334
Infrastructure1084841
Economy974942 (Tie)
Quality of Life24655
Technology & Innovation893936 (Tie)
Education963120 (Tie)
Business Friendliness603439
Cost of Living183938
Access to Capital252726
Overall10274644

Economic Profile

Governor: Paul LePage, Republican

Population: 1,329,328

GDP growth: 0.4 percent

Unemployment rate (May 2016): 3.5 percent

Top corporate tax rate: 8.93 percent

Top individual income tax rate: 7.15 percent

Gasoline tax: 48.41 cents/gallon

Bond rating/outlook: Aa2, stable

Major private employers: Hannaford Brothers Co., Avangrid

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

America's Top States for Business 2016
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