Top States For Business

20. Massachusetts

Category Score 2015 Rank 2014 Rank
Workforce261720
Cost of Doing Business954646
Infrastructure1024745
Economy1762819
Quality of Life23587
Technology & Innovation19535
Education15613
Business Friendliness832221
Cost of Living124345
Access to Capital34179
Overall13492025

Economic Profile

Governor: Charlie Baker, Republican

Population: 6,745,408

GDP growth: 2.3 percent

Unemployment rate (May 2015): 4.6 percent

Top corporate tax rate: 8 percent

Top individual income tax rate: 5.15 percent

Gasoline tax: 44 cents/gallon

Bond rating/outlook: Aaa/stable

Major private employer: Bay State Medical Center, Inc.

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

FULL LIST: 2015 TOP STATES FOR BUSINESS

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