America's Top States for Business 2017

42. New Mexico

George Kavallines | CNBC
Category Score 2017 Rank 2016 Rank
Workforce2523242
Infrastructure1961614 (Tie)
Cost of Doing Business2091925
Economy884438
Quality of Life10742 (Tie)36
Technology & Innovation1132733
Education5945 (Tie)34 (Tie)
Business Friendliness324543
Access to Capital2538 (Tie)46 (Tie)
Cost of Living2922 (Tie)25
[[link#104545209#Overall]]111042[[link#103602690#39]]

Economic Profile

Governor: Susana Martinez, Republican

Population: 2,081,015

GDP growth (Q4 2016): 1.3 percent

Unemployment rate (May 2017): 6.6 percent

Top corporate tax rate: 6.2 percent

Top individual income tax rate: 4.9 percent

Gasoline tax: 18.88 cents/gallon

Bond rating/outlook (Moody's, S&P): Aa1, AA negative

Major private employers: Presbyterian Healthcare, PNM Resources

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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