America's Top States for Business 2019

20. Arizona

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Category Score 2019 Rank 2018 Rank Grade
Workforce32828A
Economy2471210B+
Infrastructure2001316B+
Cost of Doing Business1184139D+
Quality of Life1323736D
Education504748F
Technology & Innovation932323C+
Business Friendliness127911B+
Access to Capital511820B
Cost of Living272420C+
[[link#105843737#Overall]]13732020-

Economic Profile

Governor: Doug Ducey, Republican

Population: 7,171,646

GDP growth (Q4 2018): 3.5%

Unemployment rate (May 2019): 4.9 %

Top corporate tax rate: 4.9%

Top individual income tax rate: 4.54%

Gasoline tax: 19 cents/gallon

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

Major private employers: Banner Health, Southern Copper Corp.

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 in 2019
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