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34. Arizona

The Grand Canyon State is friendly to business, and the infrastructure is sound. But education is among the nation’s worst.

Category
Score
2015 Rank
2014 Rank
Workforce 240 14 (Tie) 2
Cost of Doing Business 115 40 28
Infrastructure 221 9 (Tie) 8
Economy 146 36 (Tie) 15
Quality of Life 147 31 27
Technology & Innovation 135 24 (Tie) 19
Education 52 49 50
Business Friendliness 102 13 16
Cost of Living 35 28 27
Access to Capital 26 25 5
Overall 1219 34 13

Economic Profile

Governor: Doug Ducey, Republican

Population: 6,731,484

GDP growth: 1.4 percent

Unemployment rate (May 2015): 5.8 percent

Top corporate tax rate: 6.0 percent

Top individual income tax rate: 4.54 percent

Gasoline tax: 37 cents/gallon

Bond rating/outlook: Aa2/stable

Major private employer: Banner Health

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, AZCentral.com

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