Top States For Business

1. Minnesota

Category Score 2015 Rank 2014 Rank
Workforce2411330
Cost of Doing Business1523538
Infrastructure2219 (Tie)5
Economy24155
Quality of Life26834
Technology & Innovation179611
Education150212
Business Friendliness752315
Cost of Living293228
Access to Capital282311
Overall158416

Economic Profile

Governor: Mark Dayton, Democrat

Population: 5,457,173

GDP growth: 1.4 percent

Unemployment rate (May 2015): 3.8 percent

Top corporate tax rate: 9.8 percent

Top individual income tax rate: 9.85 percent

Gasoline tax: 47 percent

Bond rating/outlook: Aa1/stable

Major private employer: Mayo Clinic

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Minnesota FY 2014 CAFR

FULL LIST: 2015 TOP STATES FOR BUSINESS

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