×

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

Top States For Business

From the Governors

Latest Special Reports

  • Top States 2016

    CNBC's annual study measures all 50 states on more than 60 different metrics.

  • CNBC tackles the business of travel in this new special report covering the leisure and hospitality sector.

    From the most innovative hotels to the best ways to be a road warrior, CNBC tackles the business of travel in this new special report covering the leisure and hospitality sector.

  • Trading Nation

    Where headlines become opportunities.