Economy

Entrepreneurship-37

In 2022, the number of business start-ups exceeded closures by 31%, ahead of goal but down from record 2021 levels.

Fourth-Grade Reading-7

In 2022, 29% of Maine 4th graders were proficient in reading, a sharp drop from pre-COVID levels.

Eighth-Grade Math-10

In 2022, 24% of Maine 8th graders were proficient in mathematics, down from 34% pre-COVID.

Cost of Doing Business0

In 2022, Maine’s cost of doing business was unchanged.

Cost of Health Care0.1

Proportional health care expenditures were virtually unchanged in 2023.

State & Local Tax Burden0

In 2021, Maine’s tax burden remained unchanged at 11.7%.

International Exports20

In 2021-2023, Maine exports rose 20% from the prior three years, slightly slower than the nation.

Prekindergarten Education5

In 2023, the share of Maine four-year-olds enrolled in public pre-Ks rose 5%.

Cost of Energy13

The price of industrial electricity rose 13% in 2023, in contrast to a decline nationwide.

Research & Development0

In 2021, Maine’s R&D spending increased but was still 1.1% of GDP, unchanged from 2020.