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Connecticut Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 216 | 29 | 33 | C+ |
| WORKFORCE | 205 | 20 | 21 | D+ |
| ECONOMY | 147 | 39 | 42 | D |
| QUALITY OF LIFE | 211 | 9 | 10 | B |
| COST OF DOING BUSINESS | 91 | 43 | 43 | D |
| TECHNOLOGY & INNOVATION | 133 | 25 | 13 | C |
| BUSINESS FRIENDLINESS | 111 | 39 | 16 | C- |
| EDUCATION | 81 | 4 | 13 | A |
| ACCESS TO CAPITAL | 43 | 22 | 27 | C+ |
| COST OF LIVING | 21 | 34 | 34 | C- |
| OVERALL | 1259 | 32 | 31 |
Economic Profile
Governor: Ned Lamont, Democrat
Population: 3,617,176
GDP growth (Q1 2024): 0.7%
Unemployment rate (May 2024): 4.3%
Top corporate tax rate: 7.5%
Top individual income tax rate: 6.6%
Gasoline tax: 54.15 cents/gallon
Bond rating (Moody's/S&P): Aa3, 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
