32. Arkansas

The Natural State is among the nation’s least expensive for business and living, but also one of the least innovative.

Category
Score
2015 Rank
2014 Rank
Workforce 247 12 19
Cost of Doing Business 251 4 2
Infrastructure 159 35 (Tie) 35
Economy 216 16 (Tie) 25
Quality of Life 86 44 41
Technology & Innovation 62 46 44
Education 90 35 37
Business Friendliness 50 37 (Tie) 45
Cost of Living 60 11 (Tie) 2
Access to Capital 13 38 39
Overall 1234 32 30

Economic Profile

Governor: Asa Hutchinson, Republican

Population: 2,966,369

GDP growth: 0.8 percent

Unemployment rate (May 2015): 5.7 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 6.9 percent

Gasoline tax: 47 cents/gallon

Bond rating/outlook: Aa1/stable

Major private employer: Wal-Mart, Tyson Foods

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

FULL LIST: 2015 TOP STATES FOR BUSINESS

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