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America's Top States For Business 2011

#40 Maine

Top States 2011: Maine

Category Score 2011 Rank 2010 Rank
Cost of Doing Business 187 26 38
Workforce 122 44 47
Quality of Life 259 6 6
Infrastructure & Transportation 72 48 41
Economy 113 34 25
Education 171 9 7
Technology & Innovation 63 40 41
Business Friendliness 80 32 28
Access to Capital 42 30 40
Cost of Living 12 39 39
OVERALL 1121 40 39

ECONOMIC PROFILE

Governor: Paul LePage (R)

Population: 1,328,361

GDP (2009 per capita): $34,535

Unemployment rate (May 2011): 7.7 percent

Foreclosure rate (May 2011): One per 2,649 households

Budget gap (projected 2012): $436 million

Corporate tax rate: 3.5-8.93 percent (1.0 percent financial institutions)

Largest employers: Bath Iron Works Corp, Unum Insurance, TD Banknorth (Excludes Retail)

Sources: US Government, RealtyTrac, Center on Budget & Policy Priorities, Federation of Tax Administrators, Alaska Department of Labor and Workforce Development

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