America's Top States for Business 2017

32. New Jersey

George Kavallines | CNBC
Category Score 2017 Rank 2016 Rank
Workforce2772616 (Tie)
Infrastructure1394644 (Tie)
Cost of Doing Business9345 (Tie)42
Economy1473136
Quality of Life2031319
Technology & Innovation13118 (Tie)17 (Tie)
Education15146
Business Friendliness364244
Access to Capital819 (Tie)5
Cost of Living104141
[[link#104545209#Overall]]126832[[link#103606591#34]]

Economic Profile

Governor: Chris Christie, Republican

Population: 8,944,469

GDP growth (Q4 2016): 1.3 percent

Unemployment rate (May 2017): 4.1 percent

Top corporate tax rate: 9 percent

Top individual income tax rate: 8.97

Gasoline tax: 37.10 cents/gallon

Bond rating/outlook (Moody's, S&P): A3, A- negative

Major private employers: Wakefern Food Corporation, Johnson & Johnson

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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

America's Top States for Business 2017
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