Rich States, Poor States: Maine Gets Richer, but Still Among the Poorest
In the recently-released ninth edition of the Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index rankings report, Maine earned its highest all-time rank of 38. While near the bottom of the 50 states, the mark is commendable in that it is the first time Maine has escaped a ranking in the 40s. Additionally, since its all-time low of 48 in 2011, Maine has improved every year, save one. Because of work done by the Maine State Legislature and Governor Paul LePage to reduce tax burdens on individuals and businesses, Maine is becoming more competitive in the New England region. The work, however, is far from over if Maine wishes to be as economically attractive as New Hampshire, Massachusetts, Rhode Island or the higher-performing states across America.
Horvath, Joe. (2016, April, 19). Rich States, Poor States: Maine Gets Richer, but Still Among the Poorest. Maine Wire. Retrieved from http://www.themainewire.com/2016/04/rich-states-poor-states-maine-richer-poorest