Assembly team members assist in the chassis marriage of a 2011 Hyundai Sonata at the Hyundai Motor Manufacturing Alabama (HMMA) plant in Montgomery, Alabama.
Mark Elias | Bloomberg | Getty Images
| Category | Score | 2018 Rank | 2017 Rank | Grade |
|---|---|---|---|---|
| Workforce | 196 | 36 | 36 | C- |
| Infrastructure | 218 | 18 | 18 | B- |
| Cost of Doing Business | 179 | 26 | 7 (Tie) | B- |
| Economy | 128 | 37 | 26 | D+ |
| Quality of Life | 87 | 48 | 50 | F |
| Technology & Innovation | 97 | 34 | 31 (Tie) | D+ |
| Education | 53 | 47 | 47 | F |
| Business Friendliness | 63 | 36 | 33 (Tie) | C- |
| Access to Capital | 39 | 30 | 29 | D+ |
| Cost of Living | 43 | 8 | 12 | A- |
| [[link#105237323#Overall]] | 1103 | 41 | [[link#104395256#37]] | - |
Economic Profile
Governor: Kay Ivey, Republican
Population: 4,874,747
GDP growth (Q4 2017): 2.8 percent
Unemployment rate (May 2018): 3.9 percent
Top corporate tax rate: 6.5 percent
Top individual income tax rate: 5 percent
Gasoline tax: 18 cents/gallon
Bond rating: (Moody's/S&P): Aa1, stable/AA, stable
Major private employers: Wal-Mart, Regions Bank, Vulcan Materials 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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
