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Massachusetts Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 160 | 44 | 34 | D |
| WORKFORCE | 172 | 38 | 13 | F |
| ECONOMY | 146 | 40 | 26 | D |
| QUALITY OF LIFE | 211 | 9 | 8 | B |
| COST OF DOING BUSINESS | 59 | 49 | 49 | F |
| TECHNOLOGY & INNOVATION | 203 | 3 | 1 | A+ |
| BUSINESS FRIENDLINESS | 102 | 40 | 19 | D+ |
| EDUCATION | 87 | 2 | 3 | A+ |
| ACCESS TO CAPITAL | 56 | 9 | 3 | B+ |
| COST OF LIVING | 5 | 48 | 47 | F |
| OVERALL | 1201 | 38 | 15 |
Economic Profile
Governor: Maura Healey, Democrat
Population: 7,001,399
GDP growth (Q1 2024): 1%
Unemployment rate (May 2024): 3%
Top corporate tax rate: 8%
Top individual income tax rate: 9%
Gasoline tax: 44.94 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
