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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 2012

Top States For Business 2013

Top States For Business 2011