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New York Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 257 | 9 | 18 | A- |
| WORKFORCE | 163 | 41 | 46 | F |
| ECONOMY | 220 | 13 | 12 | B- |
| QUALITY OF LIFE | 211 | 9 | 14 | B |
| COST OF DOING BUSINESS | 97 | 41 | 41 | D |
| TECHNOLOGY & INNOVATION | 207 | 1 | 5 | A+ |
| BUSINESS FRIENDLINESS | 34 | 50 | 46 | F |
| EDUCATION | 75 | 7 | 13 | A- |
| ACCESS TO CAPITAL | 67 | 3 | 6 | A |
| COST OF LIVING | 12 | 42 | 46 | D- |
| OVERALL | 1343 | 22 | 20 |
Economic Profile
Governor: Kathy Hochul, Democrat
Population: 19,571,216
GDP growth (Q1 2024): 2.5%
Unemployment rate (May 2024): 4.2%
Top corporate tax rate: 7.25%
Top individual income tax rate: 10.9%
Gasoline tax: 66.62 cents/gallon
Bond rating (Moody's/S&P): Aa1, Stable/AA+, Stable
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 (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
