According the Maine Development Foundation's recent "Measures of Growth" report,

Sean Donahue

Source

Mainebiz

Date

4-12-2004

Pages

1, 16-18

Abstract

According the Maine Development Foundation's recent "Measures of Growth" report, Maine is the eighth most expensive state in the country for operating a business. Some people argue that lower costs, such as wages and real estate, combined with factors like shorter commute times, offset higher costs. Maine's electricity prices and health insurance costs surpass the national average and taxes are a constant complaint. Electricity prices have been implicated in the shutdown of Georgia-Pacific's Old Town mill in 2003. Businesses cite the benefits of the Business Equipment Tax Reimbursement program (BETR), but talk of changing the program makes businesses that are thinking of locating to Maine skittish. With details on proposed business bills and a sampling of tax incentives for businesses.

Subjects

Business, Maine Development Foundation

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