America's Top States for Business 2018

45. Rhode Island (Tie)

A statue of Mr. Potato Head greets visitors to the corporate headquarters of toymaker Hasbro Inc. in Pawtucket, Rhode Island.
Michael Springer | Bloomberg | Getty Images
Category Score 2018 Rank 2017 Rank 2018 Rank
Workforce2541527B+
Infrastructure1005050F
Cost of Doing Business1054443 (Tie)D-
Economy1442829 (Tie)C
Quality of Life1482731 (Tie)D+
Technology & Innovation1003334D+
Education1032520 (Tie)C
Business Friendliness543837 (Tie)D+
Access to Capital194344 (Tie)F
Cost of Living94242F
[[link#104545209#Overall]]103645[[link#104395416#45]]-

Economic Profile

Governor: Gina Raimondo, Democrat

Population: 1,059,639

GDP growth (Q4 2017): 2.7 percent

Unemployment rate (May 2018): 4.4 percent

Top corporate tax rate: 7.0 percent

Top individual income tax rate: 5.99 percent

Gasoline tax: 34 cents/gallon

Bond rating (Moody's/S&P): Aa2, stable/AA, stable

Major private employers: Lifespan, CVS Health

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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