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America's Top States For Business 2013

#38 Maine

Portland, Maine
Denis Jr. Tangney | E+ | Getty Images
Portland, Maine
Category
Score
2013 Rank
2012 Rank
Cost of Doing Business 285 16 19
Workforce 115 43 45
Quality of Life 226 5 4
Infrastructure & Transportation 110 44 42
Economy 159 46 42
Education 76 27 6
Technology & Innovation 116 32 35
Business Friendliness 97 27 21
Cost of Living 12 39 39
Access to Capital 9 33 46
Overall 1205 38 35

ECONOMIC PROFILE

Governor: Paul LePage (R)

Population: 1,329,192

GDP growth: 0.5 percent

Unemployment rate (May 2013): 6.8 percent

Top corporate rate: 8.93 percent

Top individual tax rate: 7.95 percent

Gasoline tax: 31.5 cents/gallon

Bond rating/outlook: Aa2/Negative (multiple)

Major private employers: University of Maine, Maine Medical Center, Children's Miracle Network, Maine General Health System, Unum, St. Mary's Health System, IDEXX Laboratories Inc., Pratt & Whitney, Jackson Laboratory, Aroostook Medical Center

Economic profile sources: American Petroleum Institute (April 2013), Bureau of Economic Analysis (2012), Bureau of Labor Statistics (May 2013 release), CareerOneStop, Moody's Investors Service (senior-most tax-backed ratings), National Governors Association, Tax Foundation (2013), U.S. Census Bureau (2012 estimate)

Top States For Business 2013

From the Governors

Video

  • South Dakota, More Than Just Gorgeous Views

    South Dakota is the winner of the annual "America's Top States for Business" study. CNBC's Scott Cohn reports on the state's economy and its stunning views.

  • Ranking America's Workforces

    CNBC's Scott Cohn reveals how other states fared when it came to their workforce, including a look at education level, retraining programs and union membership.

  • Why South Dakota is Top State for Business

    The cost of doing business was one of the key reasons the Mount Rushmore State captured the top ranking as the best state for business, reports CNBC's Scott Cohn.