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America's Top States For Business 2013

#45 Connecticut

Hartford, Connecticut
Steve Dunwell | Photolibrary | Getty Images
Hartford, Connecticut
Category
Score
2013 Rank
2012 Rank
Cost of Doing Business 124 43 46
Workforce 123 37 40
Quality of Life 197 17 12
Infrastructure & Transportation 79 49 43
Economy 190 39 40
Education 107 5 2
Technology & Innovation 172 21 18
Business Friendliness 98 26 33
Cost of Living 3 48 48
Access to Capital 16 19 15
Overall 1109 45 44

ECONOMIC PROFILE

Governor: Dan Malloy (D)

Population: 3,590,347

GDP growth: -0.1 percent

Unemployment rate (May 2013): 8 percent

Top corporate rate: 9 percent

Top individual tax rate: 6.7 percent

Gasoline tax: 45 cents/gallon

Bond rating/outlook: Aa3/Stable

Major private employers: Sikorsky Aircraft Corp., Foxwoods Resort Casino, Yale University, Pratt & Whitney, The Hartford, University of Connecticut Health Center, Yale-New Haven Health System, UTC Aerospace Systems, Cigna Corp., Danbury Hospital, Mass Mutual Financial Group,Travelers

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.