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45. Maine

The Pine Tree State stands tall for education and quality of life, but a sluggish economy and limited infrastructure create a thicket of issues for business.

Category
Score
2014 Rank
2013 Rank
Cost of Doing Business 230 29 16
Workforce 116 41 (Tie) 43
Quality of Life 219 8 (Tie) 5
Infrastructure & Transportation 96 46 44
Economy 130 48 46
Education 102 8 27
Technology & Innovation 79 43 32
Business Friendliness 95 28 27
Cost of Living 13 38 (Tie) 39
Access to Capital 11 29 (Tie) 33
Overall 1091 45 38

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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