America's Top States for Business 2019

50. Rhode Island

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Category Score 2019 Rank 2018 Rank Grade
Workforce2263215D+
Economy874828F
Infrastructure985050F
Cost of Doing Business994444D-
Quality of Life1592827D+
Education952525C+
Technology & Innovation902733C
Business Friendliness554038D
Access to Capital193943D-
Cost of Living104142F
[[link#105843737#Overall]]9385045-

Economic Profile

Governor: Gina Raimondo, Democrat

Population: 1,057,315

GDP growth (Q4 2018): 1%

Unemployment rate (May 2019): 3.6%

Top corporate tax rate: 7.0%

Top individual income tax rate: 5.99%

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 in 2019
America's bottom state for business in 2019 is Rhode Island — Here's why
VIDEO1:4601:46
America's bottom state for business in 2019 is Rhode Island — Here's why
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