×

44. Maine

The Pine Tree State offers serene quality of life, but workers aren’t staying to enjoy it. Productivity is worst in the nation.

Category
Score
2015 Rank
2014 Rank
Workforce 131 50 41
Cost of Doing Business 156 34 29
Infrastructure 125 41 46
Economy 123 42 (Tie) 48
Quality of Life 249 5 8
Technology & Innovation 93 36 (Tie) 43
Education 113 20 (Tie) 8
Business Friendliness 49 39 28
Cost of Living 20 38 38
Access to Capital 25 26 29
Overall 1084 44 45

Economic Profile

Governor: Paul LePage, Republican

Population: 1,330,089

GDP growth: 0.2 percent

Unemployment rate (May 2015): 4.7 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/stable

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 2014 CAFR

FULL LIST: 2015 TOP STATES FOR BUSINESS

Latest Special Reports

  • Snapchat

    Full coverage on Snapchat's IPO, including in-depth roadshow coverage, expert analysis, and opening stock prices.

  • Watch investments

    Covering the full set of tools and strategies for long-term investors: How to take everyday market fluctuations in stride, and when to know it’s time to take action or protect against a major economic shifts.

  • Trillions of dollars are invested in exchange-traded funds, and there's a place for them in every investor's portfolio.