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Afternoon Edition: June 7, 2022

Today’s update is a 5-minute read that will brief you on the day’s biggest stories. ....

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Maine tops Northeast among best states for starting a small business, new study says

By Staff
No fooling: Maine is the top state in the Northeast in which to start a small business, says Motley Fool.
The state ranked No. 24 among all 50 and the District of Columbia in a Jan. 19 analysis by Blueprint, a small-business-focused website run by the well-known financial publisher. While Maine’s score of 4.81 on a 10-point scale is only mediocre nationwide, it’s higher than any in the region just edging New York, which came in at 4.76.
The analysis rated each state on six factors: tax climate, consumer spending, growth rate of new entrepreneurs, business survival rate over five years, labor costs and climate change impact. Publicly sourced data was normalized on the scale and weighted, with the greatest multipliers going to the tax climate, consumer spending and business survival criteria. ....

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