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

  • Between new federal tax bill changes and underutilized deductions, CNBC finds ways to save money while filing taxes.

  • Coverage of the World Economic Forum’s annual meeting in Davos, Switzerland.

  • To turn the page on structural racism, communities are Changing The Narrative. In this series, CNBC explores the central themes of racial healing through stories addressing implicit bias in economic data, the major obstacles to racial equity at work, how fiscal investment can change the narrative on minority entrepreneurship and the ramifications of the great resignation in the Black community.