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

Latest Special Reports

  • 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.

  • CNBC's 'After Hours' breaks down the day's top business stories and most-talked about interviews from CNBC's airwaves.

  • Cutting across various industries and the public sector, CNBC's Technology Executive Council offers insight on pressing issues facing tech.