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New York Score and Ranking
| CATEGORY | 2023 SCORE | 2023 RANK | 2022 RANK | 2023 GRADE |
|---|---|---|---|---|
| WORKFORCE | 174 | 46 | 46 | D- |
| INFRASTRUCTURE | 222 | 18 | 28 | B- |
| ECONOMY | 241 | 12 | 36 | B |
| LIFE, HEALTH & INCLUSION | 228 | 14 | 19 | B- |
| COST OF DOING BUSINESS | 101 | 41 | 42 | D+ |
| TECHNOLOGY & INNOVATION | 208 | 5 | 2 | A- |
| BUSINESS FRIENDLINESS | 54 | 46 | 44 | F |
| EDUCATION | 75 | 13 | 4 | B+ |
| ACCESS TO CAPITAL | 39 | 6 | 5 | B+ |
| COST OF LIVING | 9 | 46 | 49 | F |
| OVERALL | 1351 | 20 | 36 |
Economic Profile
Governor: Kathy Hochul, Democrat
Population: 19,677,151
GDP growth (Q1 2023): 1.30%
Unemployment rate (May 2023): 3.90%
Top corporate tax rate: 6.50%
Top individual income tax rate: 10.90%
Gasoline tax: 66.62 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
