Maine Is the 36th Best State for Business 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 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

J.P. Donlon

J.P. Donlon is Editor Emeritus of Chief Executive magazine.

Share
Published by
J.P. Donlon

Recent Posts

‘Bringing Play Back To The World’

Why—and how—a new high-tech experiential gaming concept is growing fast.

2 days ago

To Survive AI, Your Employees Must Evolve ASAP

Helping your people become value creators and growth drivers using AI‑augmented insight is the only…

2 days ago

The $2.8 Billion Email: What CEOs Get Wrong About BEC Fraud

Business Email Compromise scams are rising fast and they’re not just an IT problem—they’re a…

3 days ago

Preparing For Uncertainty Without Slowing Progress

Uncertainty today feels more potent than ever. But manufacturers already have all the tools required…

3 days ago

Calero CRO Eric Martorano Knows Stories Can Be Our Most Powerful Tool

Calero, argues that data informs but stories drive action—making narrative clarity a core leadership skill…

5 days ago

The 3 Lessons Of Tim Cook

There are many, of course, from the Apple CEO, who just announced he is stepping…

5 days ago