LePage reacts to Maine's last-place Forbes rating

6:19 PM, Dec 19, 2012   |    comments
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BANGOR, Maine (NEWS CENTER) -- Business owners and community members from around the Bangor area, gathered early Wednesday morning to hear Gov. Paul LePage's plan to attract new business to Maine.

Gov. LePage was the keynote speaker at the Bangor Region Chamber Business Breakfast highlighting his plan to attract business, capital investment and help create jobs. His speech comes just one week after Maine was named the worst state for doing business by Forbes Magazine. LePage hit on three issues he believes need to change in order for that ranking to approve: paying off the state's debt, including $500 million to Maine hospitals, reform education preparing students for the better paying jobs of a global economy and his biggest message was reducing energy costs which in Maine are 24% above the national average.

"We need to reduce the cost of energy in the State of Maine and if we don't whomever is here forty years from now will be saying the same thing," says LePage

The Governor was the finale in the Bangor chamber's four-part "Business Revolution: Are You Ready for Tomorrow?" speaking series, which began in September. The series focused on positioning the region for future economic growth.

Despite Maine's ranking as 50 overall, the state showed improvement in lowering business costs, rising from 44th in 2011 to 40th in 2012.

Forbes cited Maine's corporate tax burden - 16 percent above the national average - high energy costs and aging population as negative factors.

 

NEWS CENTER

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