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California Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 245 | 15 | 26 | B+ |
| WORKFORCE | 225 | 11 | 12 | C+ |
| ECONOMY | 161 | 32 | 37 | D+ |
| QUALITY OF LIFE | 213 | 8 | 19 | B |
| COST OF DOING BUSINESS | 81 | 45 | 45 | D- |
| TECHNOLOGY & INNOVATION | 196 | 5 | 1 | A |
| BUSINESS FRIENDLINESS | 73 | 47 | 47 | D |
| EDUCATION | 62 | 24 | 9 | B- |
| ACCESS TO CAPITAL | 75 | 1 | 1 | A+ |
| COST OF LIVING | 3 | 50 | 49 | F |
| OVERALL | 1334 | 23 | 25 |
Economic Profile
Governor: Gavin Newsom, Democrat
Population: 38,965,193
GDP growth (Q1 2024): 1.2%
Unemployment rate (May 2024): 5.2%
Top corporate tax rate: 8.84%
Top individual income tax rate: 13.3%
Gasoline tax: 86.55 cents/gallon
Bond rating (Moody's/S&P): Aa2, Negative/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
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