America's Top States For Business

25. Massachusetts

Category Score 2014 Rank 2013 Rank
Cost of Doing Business964647
Workforce15820 (Tie)28
Quality of Life221713
Infrastructure & Transportation984540
Economy243193
Education12137
Technology & Innovation2455 (Tie)7
Business Friendliness1172121
Cost of Living64543
Access to Capital21(Tie) 91
Overall13262516

Economic Profile

Governor: Deval Patrick, Democrat

Population: 6,692,824

GDP growth: 1.6 percent

Unemployment rate (May 2014): 6 percent

Top corporate tax rate: 8 percent

Top individual income tax rate: 5.2 percent

Gasoline tax: 45 cents/gallon

Bond rating/outlook: Aa1/stable

Major private employer: Massachusetts General Hospital

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Boston Redevelopment Authority

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