America's Top States For Business 2012

#50 Rhode Island

Providence, Rhode Island
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Providence, Rhode Island
Category
Score
2012 Rank
2011 Rank
Cost of Doing Business 72 45 46
Workforce 118 46 26
Quality of Life 198 23 24
Infrastructure & Transportation 72 50 49
Economy 69 49 42
Education 122 23 24
Technology & Innovation 76 37 27
Business Friendliness 33 49 48
Access to Capital 77 10 35
Cost of Living 7 44 43
OVERALL 844 50 50

ECONOMIC PROFILE

Governor: Lincoln Chafee (Independent)

Population: 1,051,302

GDP (per capita): $41, 532

Number of S&P companies: 2Budget gap (projected 2012): $390 million

Top corporate tax rate: 9.00 percent

Top individual tax rate: 5.99 percent

Gasoline taxes/fees: 33.0 cents

Bond Rating/Outlook: Aa2/Negative

SAT scores (average): 1477/2400

Degree Granting Institutions (colleges/universities): 13

Sources: Census Bureau (2011), Standard & Poor's (2012), Tax Foundation (2012), American Petroleum Institute (2012), Bureau Labor Statistics (2011), National Center For Education Statistics (2011), Moody's (2012), CNBC

Top States For Business 2013