America's Top States For Business 2013

#45 Connecticut

Hartford, Connecticut
Steve Dunwell | Photolibrary | Getty Images
Hartford, Connecticut
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


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)


  • Scott Cohn develops in-depth features, special reports and documentaries for CNBC and CNBC.com.

From the Governors


  • 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.

  • 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.

  • 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.