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Maine is the 35th Best State for Business 2013

Previous State: West Virginia Next State: Washington No. 35Maine Taxations & Regulations Workforce Quality Living Environment Based on CEO Survey …

Previous State: West Virginia Next State: Washington

No. 35Maine

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: -0.4
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): -1.9

Unemployment

  • Unemployment Rate Dec. 2012 %: 7.2
  • Comparison with Nat’l Rate (7.80%): -0.6

Domestic Migration

  • Domestic Net Migration ’10-’11: -1,000
  • Rank: 30

State Government

  • Debt per Capita Fiscal Year ’10 ($): 4,542
  • State & Local Gov’t Employees per 10k Residents: 580.7

State-Local Tax Burden

  • Rate (%): 9.7
  • Compared to Nat’l Avg. (9.9%): -0.15
Key Companies
  • INDEXX Laboratories
  • Wright Express
  • Camden National
Development Trend Indicator: Negative
Economically challenged state struggles to hold line on business penalties.

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

Previous State: #34 West Virginia Next State: #36 Washington

About JP Donlon

JP Donlon
JP Donlon is the Editor-in-Chief of Chief Executive magazine.