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