Maine Dead Last Again in Forbes “Best States for Business” Ranking

by Scott Moody on November 28, 2011

in Tax & Spend

Last week Forbes Magazine released their annual “Best State for Businesses.”  Unfortunately, Maine came in last again for the second year in a row–Maine’s demographic problem is becoming a big drag in this index.

The worst states for business continue to be dominated by those in the northeast including: New Jersey (No. 44), Vermont (No. 45), Rhode Island (No. 48) and Maine which lands at No. 50 for a second straight year. Maine suffers from energy costs 31% above the national average, stagnant population growth and anemic forecasts when it comes to job and gross state product growth.

On the flip side, Utah comes in at No. 1.

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Tagged as: Best States for Business, Forbes Magazine

  • http://www.mainefreedomforum.com/maines-small-businesses-struggling-for-survival/ Maine’s Small Businesses Struggling for Survival | Maine Freedom Forum

    [...] like the Forbes Best States for Business Ranking I mentioned earlier (about a week before the Maine press), this index is not yet including the [...]

  • http://www.mainefreedomforum.com/cnbcs-top-states-for-business-puts-maine-near-the-bottom/ CNBC’s “Top States for Business” Puts Maine Near the Bottom | Maine Freedom Forum

    [...] few months ago when Forbes released their annual “Best States for Business” ranking showing Maine as dead last in the country, there were a lot of folks who dismissed it [...]

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