48. Rhode Island

Rising quality of life helps the Ocean State to its best ranking yet, which isn’t saying much. Infrastructure is dead last.

Category
Score
2015 Rank
2014 Rank
Workforce 224 24 38
Cost of Doing Business 97 44 (Tie) 43
Infrastructure 86 50 50
Economy 136 39 44
Quality of Life 216 12 19
Technology & Innovation 102 33 (Tie) 34
Education 124 13 18
Business Friendliness 29 45 (Tie) 45
Cost of Living 14 42 42
Access to Capital 8 43 (Tie) 23
Overall 1036 48 50

Economic Profile

Governor: Gina Raimondo, Democrat

Population: 1,055,173

GDP growth: 1.2 percent

Unemployment rate (May 2015): 5.9 percent

Top corporate tax rate: 7 percent

Top individual income tax rate: 5.99 percent

Gasoline tax: 51 cents/gallon

Bond rating/outlook: Aa2/stable

Major private employer: Lifespan

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Rhode Island FY 2014 CAFR

FULL LIST: 2015 TOP STATES FOR BUSINESS

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