Top States for Business

43. Connecticut

Source: George Kavallines
Category Score 2016 Rank 2015 Rank
Workforce232184
Cost of Doing Business884747
Infrastructure1144746
Economy1214326 (Tie)
Quality of Life1852511
Technology & Innovation14619 (Tie)19
Education1161811
Business Friendliness642932 (Tie)
Cost of Living84649
Access to Capital262530
Overall11004333

Economic Profile

Governor: Dan Malloy, Democrat

Population: 3,590,886

GDP growth: 0.6 percent

Unemployment rate (May 2016): 5.7 percent

Top corporate tax rate: 7.5 percent

Top individual income tax rate: 6.99 percent

Gasoline tax: 56.26 cents/gallon

Bond rating/outlook: Aa3, negative

Major private employers: United Technologies Corp., General Electric Company

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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