Maine Is the 36th Best State for Business 2014

May 8, 2014

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP % Growth ’12-’13: 0.9 % Growth ’11-’12 v. Nat’l Avg. (2.5%): -2 Unemployment Unemployment Rate Dec. 2013 %: 6.2 Comparison with Nat’l Rate (6.70%): -0.5 Domestic Migration Domestic Net Migration 2013: -1,423 Rank: 26 State Government State Debt per Capita Fiscal Year ’13 ($): 4,363 State & Local Gov’t Employees per 10k Residents: 580.7 State-Local Tax Burden Rate (%): 10.3% Compared to Nat’l Avg. (9.9%): 0.40%

Key Metrics

State GDP

Unemployment

Domestic Migration

State Government

State-Local Tax Burden

Key Companies
INDEXX Laboratories Wright Express Camden National

Development Trend Indicator: Neutral
Fiscally tight Gov. LePage is battling tax-increase efforts by legislature.

Based on CEO Survey by ChiefExecutive.net

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