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.