Top States For Business

32. Arkansas

Category Score 2015 Rank 2014 Rank
Workforce2471219
Cost of Doing Business25142
Infrastructure15935 (Tie)35
Economy21616 (Tie)25
Quality of Life864441
Technology & Innovation624644
Education903537
Business Friendliness5037 (Tie)45
Cost of Living6011 (Tie)2
Access to Capital133839
Overall12343230

Economic Profile

Governor: Asa Hutchinson, Republican

Population: 2,966,369

GDP growth: 0.8 percent

Unemployment rate (May 2015): 5.7 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 6.9 percent

Gasoline tax: 47 cents/gallon

Bond rating/outlook: Aa1/stable

Major private employer: Wal-Mart, Tyson Foods

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

FULL LIST: 2015 TOP STATES FOR BUSINESS

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