Forbes Magazine has recently published there annual report of the Best States to Do Business. It will comes as no surprise that Maine ranks extremely low – even lower than last year’s results. Coming in at 48 (two positions lower than 2006), discouraging results were reported across all categories. Key rankings included:
Business Costs - 43
Labor - 27
Regulatory Environment - 46
Economic Climate - 30
Growth Propsects - 42
Quality of Life - 16
For a complete listing of all states and results, visit Forbes - The Best States.
Forbes has been ranking the Best Metro Areas for Business and Careers for nine years, and this ranking of states looks at many of the same factors, including business and living costs, job and income growth and educational attainment. This year’s rankings, however, go a step further in several ways.
First, there is a review of projections of job, income and gross state product growth. There is also an examination of venture capital money going into an area as well as new businesses that have developed in the past three years. Another addition is the role that government plays on the business climate in terms of environmental and labor laws, as well as taxes and incentives. These factors play out on the state level instead of on the local level. Overall, there were 32 criteria to consider in compiling the list.
Posted by: Michael Sosnowski
Categories:
Business News