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Fast Facts

Livability.com selected Bangor as one of the 2011 top 10 Winter Cities.

BANGOR, MAINE

Surprisingly Metro. Refreshingly Real.

BANGOR METRO SHINES IN BUSINESS TAX CLIMATE

The Bangor Metro area has one of the best business tax climates in the U.S., according to KMPG's 2012 edition of Competitive Alternatives: Special Report-Taxes. 

Bangor Metro ranked 7th lowest for business tax costs among 71 metropolitan regions in the U.S., ahead of other Eastern seaboard regions such as Boston, Baltimore, Providence, and Atlanta.  Its "total tax index" was nearly 18% below the national average (82.4, indexed to a U.S. average of 100).  The "total tax index" takes into account corporate income taxes, other corporate taxes, statutory labor costs, and total effective tax rate.

KMPG also looked at four specific sectors: manufacturing, corporate services, digital, and R&D.  Bangor Metro is among the 10 lowest cost regions in three of the four sectors:

 

Sector

Rank in U.S.

(1st=lowest tax cost)

Total Tax Index

(US = 100)

Overall

7th

82.4

Manufacturing

9th

79.7

Corporate Services

4th

85.0

Digital

18th

90.1

R&D

9th

88.3