Economy
Entrepreneurship59
In 2021, the number of business starts exceeded closures by 71%, up from 12% in 2020.
International Exports10
Maine exports rose 10% in 2022, reaching their highest level since 2011.
Eighth-Grade Math-10
In 2022, 24% of Maine 8th graders were proficient in mathematics, down from 34% pre-COVID.
Fourth-Grade Reading-7
In 2022, 29% of Maine 4th graders were proficient in reading, a sharp drop from pre-COVID levels.
Prekindergarten Education8
In 2022-23, the share of schools with pre-Ks rose to 85%.
Cost of Health Care-0.7
Proportional health care expenditures fell 0.7% in 2022 but remain an ongoing challenge.
Cost of Doing Business0
In 2021, Maine’s cost of doing business was unchanged.
State & Local Tax Burden0
In 2021, Maine’s tax burden remained unchanged at 11.7%.
Cost of Energy17
The price of industrial electricity rose 17% in 2022, mirroring nationwide increases.
Research & Development0.1
In 2020, Maine’s R&D spending rose from 1.0% to 1.1% of GDP.