39. New Mexico

Source: George Kavallines

Category	Score	2016 Rank	2015 Rank
Workforce	182	42	16 (Tie)
Cost of Doing Business	192	24 (Tie)	23
Infrastructure	206	14 (Tie)	5 (Tie)
Economy	149	38	24 (Tie)
Quality of Life	139	36	24
Technology & Innovation	103	33	38
Education	89	34 (Tie)	40 (Tie)
Business Friendliness	38	43	41
Cost of Living	39	25	13
Access to Capital	5	46 (Tie)	42
Overall	1142	39	24

Economic Profile

Governor: Susana Martinez, Republican

Population: 2,085,109

GDP growth: 0.7 percent

Unemployment rate (May 2016): 6.2 percent

Top corporate tax rate: 6.6 percent

Top individual income tax rate: 4.9 percent

Gasoline tax: 37.28 cents/gallon

Bond rating/outlook: Aaa, stable

Major private employers: Presbyterian Healthcare, PNM Resources

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

America's Top States for Business 2016: The full list