Reasonable regulations and innovative workers sweeten what can be a higher-cost deal in the Nutmeg State.
Connecticut Score and Ranking
| Category | 2021 Score | 2021 Rank | 2019 Rank | 2021 Grade |
|---|---|---|---|---|
| Cost of Doing Business | 118 | 45 | 43 | D- |
| Infrastructure | 207 | 18 | 43 | B- |
| Life, Health & Inclusion | 198 | 24 | -- | C |
| Workforce | 202 | 15 | 15 | B- |
| Economy | 124 | 32 | 43 | C |
| Business Friendliness | 143 | 8 | 21 | B+ |
| Access to Capital | 115 | 18 | 20 | B- |
| Technology & Innovation | 123 | 8 | 18 | A- |
| Education | 96 | 11 | 8 | B |
| Cost of Living | 12 | 43 | 43 | F |
| Overall | 1338 | 24 | 35 | -- |
Economic Profile
Governor: Ned Lamont, Democrat
Population: 3,557,006
GDP growth (Q1 2021): 6%
Unemployment rate (May 2021): 7.7%
Top corporate tax rate: 7.5%
Top individual income tax rate: 6.99%
Gasoline tax: 35.75 cents/gallon
Bond rating: (Moody's/S&P): Aa3, stable/A+, stable
Major private employers: United Technologies Corp.
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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
