Top States For Business

38. Alabama

Source: George Kavallines
Category Score 2016 Rank 2015 Rank
Workforce18938 (Tie)32 (Tie)
Cost of Doing Business2191719
Infrastructure19221 (Tie)31
Economy1074844 (Tie)
Quality of Life1194342
Technology & Innovation933630 (Tie)
Education654646
Business Friendliness6130 (Tie)28 (Tie)
Cost of Living71410
Access to Capital351620
Overall11513841

Economic Profile

Governor: Robert Bentley, Republican

Population: 4,858,979

GDP growth: 1.6 percent

Unemployment rate (May 2016): 6.1 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 5 percent

Gasoline tax: 39.27 cents/gallon

Bond rating/outlook: Aa1, stable

Major private employers: Wal-Mart, Regions Bank, Vulcan Materials Company

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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