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Maine's Business Climate



Maine's aggressive incentive packages, training assistance programs, and highly-skilled workforce have made Maine one of the best places to start or expand a business. Maine's business climate ranks consistently higher each year, according to Forbes.

  • In 2007, Maine had the lowest cost-of-doing business in New England, according to the Milken Institute Index. It ranked 17th nationally.
  • Maine's electricity rates are the lowest in the New England.
  • Forbes magazine named Portland among the top 50 Best Places for Business and Careers in the U.S. The rankings combine nine factors, including cost of doing business, job growth, income growth, educational attainment and crime rates.
  • The Kauffman Foundation ranked Maine as the nation's fifth-best state for entrepreneurial activity and business creation in 2007.
  • Maine has the 18th most educated workforce in the nation. (Business Facilities Magazine)