America's Top States For Business

50. Rhode Island

Category Score 2014 Rank 2013 Rank
Cost of Doing Business11743 (Tie)34
Workforce1243842
Quality of Life1861920
Infrastructure & Transportation555047
Economy16144 (Tie)49
Education911823
Technology & Innovation1093442
Business Friendliness5645 (Tie)46
Cost of Living94244
Access to Capital1423 (Tie)21
Overall9225049

Economic Profile

Governor: Lincoln Chafee, Democrat

Population: 1,051,511

GDP growth: 1.4 percent

Unemployment rate (May 2014): 8.3 percent

Top corporate tax rate: 9 percent

Top individual income tax rate: 5.99 percent

Gasoline tax: 51 cents/gallon

Bond rating/outlook: Aa2/negative

Major private employer: Lifespan

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Rhode Island FY 2013 CAFR

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