America's Top States for Business 2018

8. Massachusetts

MIT's robot Atlas.
John Tlumacki | The Boston Globe | Getty Images
Category Score 2018 Rank 2017 Rank Grade
Workforce31216A+
Infrastructure1684241 (Tie)D+
Cost of Doing Business1064345 (Tie)D-
Economy2061414B+
Quality of Life2091010 (Tie)B
Technology & Innovation17921A+
Education16611A+
Business Friendliness931820 (Tie)B-
Access to Capital8577A-
Cost of Living34847F
[[link#105237323#Overall]]15278[[link#104395362#10]]-

Economic Profile

Governor: Charlie Baker, Republican

Population: 6,859,819

GDP growth (Q4 2017): 2.4 percent

Unemployment rate (May 2018): 3.5 percent

Top corporate tax rate: 8 percent

Top individual income tax rate: 5.10 percent

Gasoline tax: 26.54 cents/gallon

Bond rating (Moody's/S&P): Aa1, stable/AA, 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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

America's Top States for Business 2018
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