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America's Top States For Business 2013

#33 Alabama (TIE)

Birmingham, Alabama
Sean Pavone | Flickr Open | Getty Images
Birmingham, Alabama
Category
Score
2013 Rank
2012 Rank
Cost of Doing Business 317 6 20
Workforce 146 25 26
Quality of Life 98 45 47
Infrastructure & Transportation 195 27 29
Economy 189 40 6
Education 64 36 43
Technology & Innovation 113 34 35
Business Friendliness 62 37 30
Cost of Living 38 13 13
Access to Capital 6 39 41
Overall 1228 (Tie) 33 38

ECONOMIC PROFILE

Governor: Robert Bentley (R)

Population: 4,822,023

GDP growth: 1.2 percent

Unemployment rate (May 2013): 6.9 percent

Top corporate rate: 6.5 percent

Top individual tax rate: 5 percent

Gasoline tax: 20.9 cents/gallon

Bond rating/outlook: Aa1/Stable

Major private employers: Alabama Power Company, Hunstville Hospital, John Manske, University Hospital-UAB, Russell Brands, Honda Manufacturing of Alabama LLC, Gulf Coast Interiors, University of South Alabama, Sears Hometown Store, DCH Regional Medical Center

Economic profile sources: American Petroleum Institute (April 2013), Bureau of Economic Analysis (2012), Bureau of Labor Statistics (May 2013 release), CareerOneStop, Moody's Investors Service (senior-most tax-backed ratings), National Governors Association, Tax Foundation (2013), U.S. Census Bureau (2012 estimate)

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