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20. Massachusetts

The Bay State harbors the nation’s best education and a top-tier workforce. But costs are high and roads and bridges are poor.

Category
Score
2015 Rank
2014 Rank
Workforce 261 7 20
Cost of Doing Business 95 46 46
Infrastructure 102 47 45
Economy 176 28 19
Quality of Life 235 8 7
Technology & Innovation 195 3 5
Education 156 1 3
Business Friendliness 83 22 21
Cost of Living 12 43 45
Access to Capital 34 17 9
Overall 1349 20 25

Economic Profile

Governor: Charlie Baker, Republican

Population: 6,745,408

GDP growth: 2.3 percent

Unemployment rate (May 2015): 4.6 percent

Top corporate tax rate: 8 percent

Top individual income tax rate: 5.15 percent

Gasoline tax: 44 cents/gallon

Bond rating/outlook: Aaa/stable

Major private employer: Bay State Medical Center, Inc.

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Massachusetts FY 2014 CAFR

FULL LIST: 2015 TOP STATES FOR BUSINESS

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