Forbes Would’ve Probably Ranked Maine 50th For Business, But No One Wanted To Visit A Godforsaken, Frozen Hellhole, So They Had To Guess

Mainers looking Maine-y at the Rumford Meteor, Maine news from the seat of Oxford CountyAUGUSTA, Maine — Forbes Magazine has named Maine the worst state for business for the third year in a row. The magazine’s annual ranking puts Utah at the top. “Maine’s problems run deep,” Forbes writes, citing high-energy costs, the highest median age in the nation and a corporate tax burden that Forbes says is the second highest in the country. Between 2006 and 2011, according to Forbes, Maine’s economy contracted 0.6 percent annually, compared to an annual 0.5 percent growth rate nationally. The magazine notes that Maine has few big businesses and that per-employee productivity is low. (read more at Bangor Daily News)