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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

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