1. Washington

The Evergreen State’s strong, tech-savvy economy helps it climb to the top despite high costs.

George Kavallines | CNBC
Category
Score
2017 Rank
2016 Rank
Workforce 352 5 11
Infrastructure 173 32 (Tie) 39 (Tie)
Cost of Doing Business 163 32 (Tie) 30
Economy 257 3 6
Quality of Life 224 5 8
Technology & Innovation 172 3 1
Education 119 19 24
Business Friendliness 65 31 30 (Tie)
Access to Capital 82 8 10
Cost of Living 14 37 37
Overall 1621 1 6

Economic Profile

Governor: Jay Inslee, Democrat

Population: 7,288,000

GDP growth (Q4 2016): 3.1 percent

Unemployment rate (May 2017): 4.5 percent

Top corporate tax rate: None (levies a gross receipts tax)

Top individual income tax rate: None

Gasoline tax: 49.40 cents/gallon

Bond rating/outlook (Moody's, S&P): Aa1, AA+ 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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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