26. Arizona

Skilled workers are filling up the Grand Canyon State, but they’re finding one of America’s worst education systems.

George Kavallines | CNBC
2017 Rank
2016 Rank
Workforce 335 7 (Tie) 5
Infrastructure 197 14 (Tie) 16 (Tie)
Cost of Doing Business 127 37 40
Economy 180 19 15
Quality of Life 142 31 (Tie) 32 (Tie)
Technology & Innovation 121 24 22
Education 43 49 47
Business Friendliness 107 14 8
Access to Capital 66 18 (Tie) 28
Cost of Living 26 25 31
Overall 1344 26 25

Economic Profile

Governor: Doug Ducey, Republican

Population: 6,931,071

GDP growth (Q4 2016): 1 percent

Unemployment rate (May 2017): 5.1 percent

Top corporate tax rate: 4.9 percent

Top individual income tax rate: 4.54 percent

Gasoline tax: 19 cents/gallon

Bond rating/outlook (Moody's, S&P): Aa2, AA 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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

Latest Special Reports

  • More than ever, the hope for a sustainable world has gained traction among the next generation of businesses, policymakers and investors. CNBC’s Sustainable Future focuses on how smart investments, new ideas and tech innovation can generate commerce — and a world — with staying power.

  • CNBC’s Women & Wealth explores ways that women can increase their income, save for the future and make the most out of current opportunities.

  • 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.