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Main Score and Ranking
| CATEGORYÂ | 2022 SCOREÂ | 2022 RANK | 2021 RANKÂ | 2022 GRADEÂ |
|---|---|---|---|---|
| WORKFORCE | 177 | 43 | 49 | D |
| INFRASTRUCTURE | 128 | 49 | 50 | F |
| COST OF DOING BUSINESS | 130 | 40 | 40 | C- |
| ECONOMY | 150 | 32 | 37 | D+ |
| LIFE, HEALTH & INCLUSION | 265 | 2 | 5 | A- |
| TECHNOLOGY & INNOVATION | 86 | 44 | 42 | D- |
| BUSINESS FRIENDLINESS | 117 | 19 | 21 | C+ |
| EDUCATION | 90 | 23 | 24 | C+ |
| ACCESS TO CAPITAL | 11 | 47 | 41 | F |
| COST OF LIVING | 12 | 39 | 39 | D- |
| OVERALL | 1166 | 43 | 48 |
Economic Profile
Governor: Janet T. Mills, Democrat
Population: 1,372,247
GDP growth (Q1 2022): -1.3%
Unemployment rate (May 2022): 3.2%
Top corporate tax rate: 8.93%
Top individual income tax rate: 7.15%
Gasoline tax: 30.01 cents/gallon
Bond rating (Moody's/S&P): Aa2, stable/AA, stable
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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
