America's Top States For Business 2013

#49 Rhode Island

Dens Jr. Tangney | E+ | Getty Images
2013 Rank
2012 Rank
Cost of Doing Business 187 34 45
Workforce 116 42 46
Quality of Life 192 20 23
Infrastructure & Transportation 90 47 50
Economy 148 49 49
Education 80 23 23
Technology & Innovation 94 42 37
Business Friendliness 54 46 49
Cost of Living 7 44 44
Access to Capital 15 21 10
Overall 983 49 50


Governor: Lincoln D. Chafee (D)

Population: 1,050,292

GDP growth: 1.4 percent

Unemployment rate (May 2013): 8.9 percent

Top corporate rate: 9 percent

Top individual tax rate: 5.99 percent

Gasoline tax: 33 cents/gallon

Bond rating/outlook: Aa2/Stable

Major private employers: Roger Williams Medical Center, Hasbro Children's Hospital, Brown University, MetLife, CVS Caremark Corporation, Women's and Infants' Hospital of Rhode Island, University of Rhode Island, Kent Hospital, Miriam Hospital, J. Arthur Trudeau Memorial 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


  • 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.