Here’s how Maine ranks as place to start a business

Cheryl RauMainebiz, News

When it comes to starting a business, Maine gets strong marks in a state ranking released Tuesday by personal finance website WalletHub.

Maine came in at No. 13 in the nationwide comparison.

Texas topped the list, followed by Georgia, California, Florida and Idaho. New Jersey came in last at No. 50 overall and with the highest business costs.

States were judged on the basis of 28 key indicators of startup success to determine the most fertile grounds in which to launch and grow an enterprise. Each metric was graded on a 100-point scale, with business environment accounting for 50 points and access to resources and business costs accounting for 25 points each.

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