Start a Business in Maine, USA
Maine Corporation (C-Corp & S-Corp) Formation
Maine LLC Formation
Maine is the northernmost state in the Northeastern United States. Maine is the 12th smallest by area, the 9th least populous, and the 13th least densely populated of the 50 U.S. states. It is located in New England, bordered by New Hampshire to the west, the Atlantic Ocean to the southeast, and the Canadian provinces of New Brunswick and Quebec to the northeast and northwest, respectively.
As a small state in the United States, Maine has consistently maintained a steady GDP growth of about 2.1% year-over-year and its key economic sectors are in finance, insurance and real estate.
Kentucky’s economy—based on manufacturing, trade, mining, agriculture, and tourism and other services—varies by region.
The Bureau of Economic Analysis estimates that Maine's total gross state product for 2017 was $61.4 billion, representing a 1.4% growth rate over the previous year. Per capita personal income in 2017 was $45,072, ranking 31st nationally.
The increase was 2.2% over 2016 results. GDP CHART 2017The largest industry in Maine was the category of finance, insurance, real estate, rental and leasing, representing almost 21% of the total and accounted for 1.2% of real growth.
The second largest segment was government (and related enterprises) representing 14%, and experienced a decline of .06%. The largest contributor to real GDP growth in 2017 was educational services, health care and social assistance, which accounted for .30% of the total growth in real GDP. While declining, Maine is still a leading producer of paper and wood products, which are the most valuable of all manufactures in the state