America's Top States For Business

34. Alabama

Category Score 2014 Rank 2013 Rank
Cost of Doing Business3424 (Tie)6
Workforce15820 (Tie)25
Quality of Life794645
Infrastructure & Transportation20321 (Tie)27
Economy1694040
Education404736
Technology & Innovation1173134
Business Friendliness623837
Cost of Living447 (Tie)13
Access to Capital345 (Tie)39
Overall12173433

Economic Profile

Governor: Robert Bentley, Republican

Population: 4,833,722

GDP growth: 0.8 percent

Unemployment rate (May 2014): 6.9 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 5 percent

Gasoline tax: 39 cents/gallon

Bond rating/outlook: Aa1/stable

Major private employer: Regions Financial Corporation

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Regions Financial Corporation

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