32. New Jersey

Schools are flourishing in the Garden State, but high costs and poor roads have some businesses looking for an exit.

George Kavallines | CNBC
Category
Score
2017 Rank
2016 Rank
Workforce 277 26 16 (Tie)
Infrastructure 139 46 44 (Tie)
Cost of Doing Business 93 45 (Tie) 42
Economy 147 31 36
Quality of Life 203 13 19
Technology & Innovation 131 18 (Tie) 17 (Tie)
Education 151 4 6
Business Friendliness 36 42 44
Access to Capital 81 9 (Tie) 5
Cost of Living 10 41 41
Overall 1268 32 34

Economic Profile

Governor: Chris Christie, Republican

Population: 8,944,469

GDP growth (Q4 2016): 1.3 percent

Unemployment rate (May 2017): 4.1 percent

Top corporate tax rate: 9 percent

Top individual income tax rate: 8.97

Gasoline tax: 37.10 cents/gallon

Bond rating/outlook (Moody's, S&P): A3, A- negative

Major private employers: Wakefern Food Corporation, Johnson & Johnson

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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