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38. New York

The Empire State rules when it comes to access to capital, but high costs can inhibit expansion.

George Kavallines | CNBC
Category
Score
2017 Rank
2016 Rank
Workforce 224 39 (Tie) 35
Infrastructure 140 45 43
Cost of Doing Business 84 47 44
Economy 138 33 10
Quality of Life 189 19 22
Technology & Innovation 163 8 4
Education 147 5 (Tie) 8
Business Friendliness 32 45 (Tie) 45
Access to Capital 97 2 11
Cost of Living 2 49 49
Overall 1216 38 29

Economic Profile

Governor: Andrew Cuomo, Democrat

Population: 19,745,289

GDP growth (Q4 2016): 0.4 percent

Unemployment rate (May 2017): 4.4 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 8.82 percent

Gasoline tax: 43.54 cents/gallon

Bond rating/outlook (Moody's, S&P): Aa1, AA+ stable

Major private employers: Consolidated Edison, JPMorgan Chase

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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