23. Missouri

Take a good look at the tax structure in the Show Me State, which offers favorable business costs and a well-developed infrastructure. But bad air quality is hurting the state’s quality of life.

Category
Score
2014 Rank
2013 Rank
Cost of Doing Business 316 11 19
Workforce 102 44 (Tie) 48
Quality of Life 73 48 47
Infrastructure & Transportation 223 13 5
Economy 246 15 (Tie) 17
Education 89 20 20
Technology & Innovation 151 24 22
Business Friendliness 93 29 (Tie) 29
Cost of Living 33 18 (Tie) 11
Access to Capital 6 39 (Tie) 23
Overall 1332 23 26

Economic Profile

Governor: Jay Nixon, Democrat

Population: 6,044,171

GDP growth: 0.8 percent

Unemployment rate (May 2014): 6.6 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 6 percent

Gasoline tax: 36 cents/gallon

Bond rating/outlook: Aaa/stable

Major private employer: Wal-Mart

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Missouri FY 2013 CAFR

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