Top States For Business

29. New York

Source: George Kavallines
Category Score 2016 Rank 2015 Rank
Workforce1943529 (Tie)
Cost of Doing Business1094444 (Tie)
Infrastructure1304339 (Tie)
Economy2371031 (Tie)
Quality of Life1912220 (Tie)
Technology & Innovation19444
Education13083 (Tie)
Business Friendliness304543
Cost of Living34948
Access to Capital401113
Overall12582935

Economic Profile

Governor: Andrew Cuomo, Democrat

Population: 19,795,791

GDP growth: 1.4 percent

Unemployment rate (May 2016): 4.7 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 8.82 percent

Gasoline tax: 60.72 cents/gallon

Bond rating/outlook: Aa1, stable

Major private employers: Consolidated Edison, JPMorgan Chase

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

America's Top States for Business 2016
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