Top States for Business

43. Maine

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Main Score and Ranking

CATEGORY  2022 SCORE  2022 RANK 2021 RANK  2022 GRADE 
WORKFORCE1774349D
INFRASTRUCTURE1284950F
COST OF DOING BUSINESS1304040C-
ECONOMY1503237D+
LIFE, HEALTH & INCLUSION26525A-
TECHNOLOGY & INNOVATION864442D-
BUSINESS FRIENDLINESS1171921C+
EDUCATION902324C+
ACCESS TO CAPITAL114741F
COST OF LIVING123939D-
OVERALL11664348

Economic Profile

Governor: Janet T. Mills, Democrat

Population: 1,372,247

GDP growth (Q1 2022): -1.3%

Unemployment rate (May 2022): 3.2%

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

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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