2014 Best & Worst States

Maine Is the 36th Best State for Business 2014

J.P. Donlon

May 8, 2014

Previous State: West Virginia Next State: Mississippi

No. 36 Maine

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

% 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 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

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Maine Is the 36th Best State for Business 2014

No. 36 Maine

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