25. Arizona

The Grand Canyon State is riding high with qualified workers despite an education system that is among the nation’s worst.

Top States Arizona
Source: George Kavallines
Category
Score
2016 Rank
2015 Rank
Workforce 274 5 14 (Tie)
Cost of Doing Business 118 40 40
Infrastructure 200 16 (Tie) 9 (Tie)
Economy 210 15 36 (Tie)
Quality of Life 152 32 (Tie) 31
Technology & Innovation 139 22 24 (Tie)
Education 62 47 49
Business Friendliness 101 8 13
Cost of Living 30 31 28
Access to Capital 23 28 25
Overall 1309 25 34

Economic Profile

Governor: Doug Ducey, Republican

Population: 6,828,065

GDP growth: 0.9 percent

Unemployment rate (May 2016): 5.6 percent

Top corporate tax rate: 5.5 percent

Top individual income tax rate: 4.54 percent

Gasoline tax: 37.40 cents/gallon

Bond rating/outlook: Aa2, stable

Major private employers: Banner Health, Southern Copper Corp.

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

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