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America's Top States For Business 2013

#16 Massachusetts

Boston
Sean Pavone | Flickr | Getty Images
Boston
Category
Score
2013 Rank
2012 Rank
Cost of Doing Business 104 47 49
Workforce 142 28 32
Quality of Life 209 13 11
Infrastructure & Transportation 141 40 45
Economy 291 3 21
Education 103 7 3
Technology & Innovation 244 7 7
Business Friendliness 115 21 29
Cost of Living 8 43 41
Access to Capital 25 1 1
Overall 1382 16 28

ECONOMIC PROFILE

Governor: Deval Patrick (D)

Population: 6,646,144

GDP growth: 2.2 percent

Unemployment rate (May 2013): 6.6 percent

Top corporate rate: 8 percent

Top individual tax rate: 5.25 percent

Gasoline tax: 23.5 cents/gallon

Bond rating/outlook: Aa1/Stable

Major private employers: Massachusetts General Hospital, Brigham & Women's Hospital, Harvard University, Massachusetts Institute of Technology, Children's Hospital Boston, Liberty Mutual Group Inc., St. Luke's Hospital, Boston University, EMC Corp., John Hancock Life Insurance, Sinai Hospital, North Shore Medical Center, Boston 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 (Most recent Senior most Tax Backed Ratings), National Governors Association, Tax Foundation (2013), U.S. Census Bureau (2012 estimate)

Featured

  • CNBC's senior correspondent and lead investigative reporter, Scott Cohn also appears on "NBC Nightly News with Brian Williams," "Today" and on MSNBC.

From the Governors

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