Top States For Business

20. Massachusetts

Source: George Kavallines
Category Score 2016 Rank 2015 Rank
Workforce27927
Cost of Doing Business904646
Infrastructure1324247
Economy2011828
Quality of Life202178
Technology & Innovation19633
Education15111
Business Friendliness842022
Cost of Living114443
Access to Capital321917
Overall13782020

Economic Profile

Governor: Charlie Baker, Republican

Population: 6,794,422

GDP growth: 2 percent

Unemployment rate (May 2016): 4.2 percent

Top corporate tax rate: 8 percent

Top individual income tax rate: 5.10 percent

Gasoline tax: 44.94 cents/gallon

Bond rating/outlook: Aa1, stable

Major private employers: Bay State Medical Center, Thermo Fisher Scientific

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

America's Top States for Business 2016
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