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28. California

The Golden State sets the standard for innovation. But 24-karat costs and byzantine regulations can stand in the way.

George Kavallines | CNBC
Category
Score
2017 Rank
2016 Rank
Workforce 326 10 21
Infrastructure 183 22 33
Cost of Doing Business 63 49 49
Economy 176 22 (Tie) 8
Quality of Life 183 21 23
Technology & Innovation 178 2 2
Education 95 28 38
Business Friendliness 8 50 50
Access to Capital 100 1 2 (Tie)
Cost of Living 3 48 47
Overall 1315 28 32

Economic Profile

Governor: Jerry Brown, Democrat

Population: 39,250,017

GDP growth (Q4 2016): 2.5 percent

Unemployment rate (May 2017): 4.7

Top corporate tax rate: 8.84 percent

Top individual income tax rate: 12.3 percent

Gasoline tax: 38.80 cents/gallon

Bond rating/outlook (Moody's, S&P): Aa3, AA- stable

Major private employers: Kaiser Permanente, Apple

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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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