Top States for Business 2021

48. Maine

The Pine Tree State boasts America's lowest crime rate. But the infrastructure? You can't get there from here.

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Maine Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business1514032D+
Life, Health & Inclusion2635--B+
Business Friendliness1162129B-
Access to Capital414142F
Technology & Innovation534235F
Cost of Living183939D-

Economic Profile

Governor: Janet T. Mills, Democrat

Population: 1,350,141

GDP growth (Q1 2021): 5.2%

Unemployment rate (May 2021): 4.7%

Top corporate tax rate: 8.93%

Top individual income tax rate: 7.15%

Gasoline tax: 30.01 cents/gallon

Bond rating (Moody's/S&P): Aa2, stable/AA, stable

Major private employers: Hannaford Brothers Co., Avangrid

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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