America's Top States for Business 2019

14. Massachusetts

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Category Score 2019 Rank 2018 Rank Grade
Workforce31951A-
Economy2291814B
Infrastructure1234842F
Cost of Doing Business834743F
Quality of Life2171010B-
Education13411A+
Technology & Innovation13832A+
Business Friendliness1141418B
Access to Capital6567A-
Cost of Living44748F
[[link#105843737#Overall]]1426148-

Economic Profile

Governor: Charlie Baker, Republican

Population: 6,902,149

GDP growth (Q4 2018): 1.8%

Unemployment rate (May 2019): 3%

Top corporate tax rate: 8%

Top individual income tax rate: 5.05%

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 in 2019
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