GO
Loading...

Enter multiple symbols separated by commas

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)

Top States For Business 2013

From the Governors

Video

  • South Dakota, More Than Just Gorgeous Views

    South Dakota is the winner of the annual "America's Top States for Business" study. CNBC's Scott Cohn reports on the state's economy and its stunning views.

  • Ranking America's Workforces

    CNBC's Scott Cohn reveals how other states fared when it came to their workforce, including a look at education level, retraining programs and union membership.

  • Why South Dakota is Top State for Business

    The cost of doing business was one of the key reasons the Mount Rushmore State captured the top ranking as the best state for business, reports CNBC's Scott Cohn.