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America's Top States For Business

#20 Arizona

Phoenix, Arizona
Witold Skrypczak | Lonely Planet | Getty Images
Phoenix, Arizona
Category Score 2013 Rank 2012 Rank
Cost of Doing Business 222 31 34
Workforce 228 2 2
Quality of Life 142 29 32
Infrastructure & Transportation 218 10 9
Economy 173 43 44
Education 45 49 49
Technology & Innovation 174 19 21
Business Friendliness 135 16 14
Cost of Living 16 35 34
Access to Capital 9 33 22
Overall 1362 20 22

ECONOMIC PROFILE

Governor: Jan Brewer (R)

Population: 6,553,255

GDP growth: 2.6 percent

Unemployment rate (May 2013): 7.8 percent

Top corporate tax rate: 6.968 percent

Top individual tax rate: 4.54 percent

Gasoline taxes/fees: 19 cents

Bond rating/outlook: Aa3/Stable

Major private employers: Honeywell International Accounts Payable, University of Arizona, Arizona State University, ON Semiconductor Corp., Phoenix Sky Harbor International Airport, Intel Corp., Scottsdale Healthcare Hospitals, General Dynamics C4 Systems, Providence Service Corp., Boeing Co.

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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