13. Arizona

The Grand Canyon State offers a growing and independent workforce, good access to capital and a solid infrastructure. But its education system ranks worst in the nation.

Category
Score
2014 Rank
2013 Rank
Cost of Doing Business 233 28 31
Workforce 223 2 2
Quality of Life 144 27 29
Infrastructure & Transportation 232 8 (Tie) 10
Economy 246 15 (Tie) 43
Education 31 50 49
Technology & Innovation 185 19 19
Business Friendliness 135 16 (Tie) 16
Cost of Living 24 27 35
Access to Capital 23 5 (Tie) 33
Overall 1476 13 20

Economic Profile

Governor: Janice Brewer, Republican

Population: 6,626,624

GDP growth: 1.1 percent

Unemployment rate (May 2014): 6.9 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 4.54 percent

Gasoline tax: 37 cents/gallon

Bond rating/outlook: Aa3/postive

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, AZCentral.com

Top States for Business

From the Governors

Latest Special Reports

  • In a world of big box retail and e-commerce, successful business owners are taking new paths to Main Street success.

  • Covid-19 is expected to be with us for years even if the colossal investment in treatments and vaccines eventually manages to contain and control the global pandemic. The world will look dramatically different in its wake. As businesses begin the shift from crisis mode to planning for the lasting impact of Covid, CNBC’s journalists will hunt for cases of companies and industries taking a leading role in shaping Our New Future.

  • Traders and financial professionals work on the floor of the New York Stock Exchange.

    CNBC’s financial reporters weigh in on what every investor needs to know when it comes to companies' earnings reports.