40. New York (Tie)

The Empire State rules for education and innovation. But empirical measures of the state’s business costs—the highest in the nation—are repelling some businesses.

Published 4:48 PM ET Tue, 24 June 2014 Updated 3:16 PM ET Wed, 2 July 2014 CNBC.com

Category	Score	2014 Rank	2013 Rank
Cost of Doing Business	37	50	49
Workforce	105	43	45
Quality of Life	176	21	22
Infrastructure & Transportation	141	38	42
Economy	189	34 (Tie)	14
Education	126	1	2
Technology & Innovation	249	3	1
Business Friendliness	93	29 (Tie)	30
Cost of Living	1	50	47
Access to Capital	24	4	3
Overall	1141	40 (Tie)	35

Economic Profile

Governor: Andrew Cuomo, Democrat

Population: 19,651,127

GDP growth: 0.7 percent

Unemployment rate (May 2014): 6.7 percent

Top corporate tax rate: 7.1 percent

Top individual income tax rate: 8.82 percent

Gasoline tax: 68 percent

Bond rating/outlook: Aa2/positive

Major private employer: North Shore-Long Island Jewish Health System

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

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