35. New York

The Empire State reigns supreme for education and innovation. But despite generous business incentives, it is royally expensive.

Category
Score
2015 Rank
2014 Rank
Workforce 210 29 (Tie) 43
Cost of Doing Business 97 44 (Tie) 50
Infrastructure 130 39 (Tie) 38
Economy 161 31 (Tie) 34
Quality of Life 199 20 (Tie) 21
Technology & Innovation 190 4 3
Education 145 3 (Tie) 1
Business Friendliness 36 43 29
Cost of Living 5 48 50
Access to Capital 38 13 4
Overall 1211 35 40 (Tie)

Economic Profile

Governor: Andrew Cuomo, Democrat

Population: 19,746,227

GDP growth: 2.5 percent

Unemployment rate (May 2015): 5.7 percent

Top corporate tax rate: 7.1 percent

Top individual income tax rate: 8.82 percent

Gasoline tax: 62 cents/gallon

Bond rating/outlook: Aa1/stable

Major private employer: Consolidated Edison

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, UPI, New York Department of Labor

FULL LIST: 2015 TOP STATES FOR BUSINESS

Latest Special Reports

  • A logo sits on a sign at the World Economic Forum in Davos, Switzerland, on Thursday, Jan. 23, 2014.

    Coverage of the World Economic Forum’s annual meeting in Davos, Switzerland.

  • Take an in-depth look at the world of modern medicine - examining the treatments, companies and people making a difference in the way we treat illness and injuries today, and laying the foundation for the medical treatments of tomorrow.

  • Fintech

    From Apple Pay to roboadvisors, the worlds of finance and technology are changing the way we live, work, spend money, and do business.