Maine is the 32nd Best State for Business 2012

No. 32 Maine Taxation and Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  [...]

May 2 2012 by ChiefExecutive.net


No 32: Maine

No. 32

Maine

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: -0.81
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): -0.48

Unemployment

  • Unemployment Rate Dec. 2011 %: 7.00
  • Comparison with Nat’l Rate (8.50%): -1.50

Domestic Migration

  • Domestic Net Migration ’00-’09: 29,260
  • Rank: 23

State Government

  • Debt per Capita Fiscal Year ’10 ($): 4,542
  • State & Local Gov’t Employees per 10k Residents: 580.68

State-Local Tax Burden

  • Rate (%): 10.13
  • Compared to Nat’l Avg. (9.8%): 0.33
Key Companies
  • INDEXX Laboratories
  • Wright Express
  • Camden National
Development Trend Indicator: Positive
New governor’s tax cuts gain business favor and spur some job growth.
CEO Comments
“Maine: Governor LePage has brought the business 1st mentality back to Maine. Great news and time to expand our business and hire more employees.”

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation