Forbes Ranks Maine 50th for Business, But Admit No One Wanted to Visit the Godforsaken, Frozen Hellhole, so They Had to Guess

maine parade

maine paradeAUGUSTA, 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. Rhode Island ranked 49 on the list, following Vermont (44), West Virginia (45), Mississippi (46), Michigan (47) and Hawaii (48). High scorers included Virginia (2), North Dakota (3) and North Carolina (4). Forbes said all but one of the top 10 states are so-called right-to-work states, where employees can’t be required to join a union and pay dues. Of the 10 worst states, Forbes notes, only Mississippi is a right-to-work state. Forbes said its ranking is based on business costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life.(read more at the Bangor Daily News)

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