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America's Top States For Business

#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)

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