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New York Score and Ranking
| CATEGORY | 2025 SCORE | 2025 RANK | 2024 RANK | 2025 GRADE |
|---|---|---|---|---|
| ECONOMY | 298 | 5 | 13 | B+ |
| INFRASTRUCTURE | 252 | 7 | 9 | A- |
| WORKFORCE | 140 | 44 | 41 | D- |
| COST OF DOING BUSINESS | 98 | 45 | 41 | D |
| BUSINESS FRIENDLINESS | 30 | 50 | 50 | F |
| QUALITY OF LIFE | 151 | 18 | 9 | C+ |
| TECHNOLOGY & INNOVATION | 191 | 3 | 1 | A |
| EDUCATION | 65 | 8 | 7 | B+ |
| ACCESS TO CAPITAL | 55 | 3 | 3 | A |
| COST OF LIVING | 18 | 45 | 42 | D- |
| OVERALL | 1298 | 23 | 22 |
Economic Profile
Governor: Kathy Hochul, Democrat
Population: 19,867,248
GDP growth (Q1 2025): -0.7%
Unemployment rate (May 2025): 4%
Top corporate tax rate: 7.25%
Top individual income tax rate: 10.9%
Gasoline tax: 43.27 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, Energy Information Administration (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
