46. Connecticut

The Constitution State offers world-class education, and strong access to capital. It is one of the most expensive states in the U.S., and this has hampered the economy.

Category
Score
2014 Rank
2013 Rank
Cost of Doing Business 80 47 43
Workforce 134 32 (Tie) 37
Quality of Life 196 14 17
Infrastructure & Transportation 121 42 49
Economy 120 49 39
Education 110 5 5
Technology & Innovation 177 21 21
Business Friendliness 106 24 26
Cost of Living 3 48 48
Access to Capital 22 7 (Tie) 19
Overall 1069 46 45

Economic Profile

Governor: Dan Malloy, Democrat

Population: 3,596,080

GDP growth: 0.9 percent

Unemployment rate (May 2014): 6.9 percent

Top corporate tax rate: 7.5 percent

Top individual income tax rate: 6.7 percent

Gasoline tax: 68 cents/gallon

Bond rating/outlook: Aa3/stable

Major private employer: United Technologies Corp

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

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