Top States For Business

50. Rhode Island

Source: George Kavallines
Category Score 2016 Rank 2015 Rank
Workforce21523 (Tie)24
Cost of Doing Business954544 (Tie)
Infrastructure975050
Economy1144539
Quality of Life1862412
Technology & Innovation983533 (Tie)
Education1112013
Business Friendliness473945 (Tie)
Cost of Living124342
Access to Capital64543 (Tie)
Overall9815048

Economic Profile

Governor: Gina Raimondo, Democrat

Population: 1,056,298

GDP growth: 1.1 percent

Unemployment rate (May 2016): 5.4 percent

Top corporate tax rate: 7.0 percent

Top individual income tax rate: 5.99 percent

Gasoline tax: 52.40 cents/gallon

Bond rating/outlook: Aa2, stable

Major private employers: Lifespan, CVS Health

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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