6. Washington

The Evergreen State stands tall for technology and innovation, but the infrastructure could use some nurturing.

Top States Washington
Source: George Kavallines
Category
Score
2016 Rank
2015 Rank
Workforce 258 11 27 (Tie)
Cost of Doing Business 173 30 28
Infrastructure 146 39 (Tie) 33 (Tie)
Economy 250 6 11 (Tie)
Quality of Life 239 8 7
Technology & Innovation 212 1 1
Education 106 24 18 (Tie)
Business Friendliness 61 30 (Tie) 24 (Tie)
Cost of Living 21 37 36
Access to Capital 41 10 10
Overall 1507 6 8

Economic Profile

Governor: Jay Inslee, Democrat

Population: 7,170,351

GDP growth: 2.9 percent

Unemployment rate (May 2016): 5.8 percent

Top corporate tax rate: None

Top individual income tax rate: None

Gasoline tax: 62.90 cents/gallon

Bond rating/outlook: Aa1, stable

Major private employers: Costco Wholesale, Microsoft

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

Latest Special Reports

  • Innovative female entrepreneur examining prototype

    In an era of rapid technological advances and demographic change, how do legacy companies adapt, innovate and evolve? CNBC Evolve features iconic global companies and executives who are embracing change and transforming for the future.

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

  • Financial advisors stress that now is the time for investors to get serious about year-end financial planning checkup.