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Maine Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 140 | 49 | 50 | F |
| WORKFORCE | 157 | 46 | 22 | F |
| ECONOMY | 133 | 42 | 38 | D- |
| QUALITY OF LIFE | 265 | 2 | 2 | A |
| COST OF DOING BUSINESS | 138 | 29 | 34 | C+ |
| TECHNOLOGY & INNOVATION | 103 | 34 | 40 | D |
| BUSINESS FRIENDLINESS | 116 | 37 | 26 | C- |
| EDUCATION | 69 | 14 | 19 | B+ |
| ACCESS TO CAPITAL | 22 | 40 | 48 | D- |
| COST OF LIVING | 25 | 27 | 32 | C+ |
| OVERALL | 1168 | 42 | 39 |
Economic Profile
Governor: Janet Mills, Democrat
Population: 1,395,722
GDP growth (Q1 2024): 0.6%
Unemployment rate (May 2024): 3.0%
Top corporate tax rate: 8.93%
Top individual income tax rate: 7.15%
Gasoline tax: 48.41 cents/gallon
Bond rating (Moody's/S&P): Aa2, Positive/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 (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
