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New York Score and Ranking
| CATEGORYÂ | 2022 SCOREÂ | 2022 RANKÂ | 2021 RANKÂ | 2022 GRADEÂ |
|---|---|---|---|---|
| WORKFORCE | 176 | 46 | 19 | D |
| INFRASTRUCTURE | 189 | 28 | 13 | C- |
| COST OF DOING BUSINESS | 123 | 42 | 41 | D+ |
| ECONOMY | 143 | 36 | 12 | D |
| LIFE, HEALTH & INCLUSION | 176 | 19 | 18 | C |
| TECHNOLOGY & INNOVATION | 196 | 2 | 9 | A+ |
| BUSINESS FRIENDLINESS | 63 | 44 | 49 | F |
| EDUCATION | 121 | 4 | 8 | A |
| ACCESS TO CAPITAL | 43 | 5 | 2 | A- |
| COST OF LIVING | 2 | 49 | 49 | F |
| OVERALL | 1232 | 36 | 22 |
Economic Profile
Governor: Kathy Hochul, Democrat
Population: 19,835,913
GDP growth (Q1 2022): -1.3%
Unemployment rate (May 2022): 4.4%
Top corporate tax rate: 7.25%
Top individual income tax rate: 10.9%
Gasoline tax: 48.22 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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
