41. Arkansas

Low costs make the Natural State a natural for frugal businesses, but sometimes you get the quality of life you pay for.

George Kavallines | CNBC
Category
Score
2017 Rank
2016 Rank
Workforce 231 37 34
Infrastructure 200 12 (Tie) 21 (Tie)
Cost of Doing Business 248 7 (Tie) 9
Economy 140 32 32
Quality of Life 94 47 50
Technology & Innovation 56 48 47
Education 75 38 36
Business Friendliness 51 39 42
Access to Capital 33 32 (Tie) 39
Cost of Living 47 4 3
Overall 1175 41 41

Economic Profile

Governor: Asa Hutchinson, Republican

Population: 2,988,248

GDP growth (Q4 2016): 0.5 percent

Unemployment rate (May 2017): 3.4 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 6.9 percent

Gasoline tax: 22 cents/gallon

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

Major private employers: Tyson Foods, Wal-Mart Stores

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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