42. New Mexico

George Kavallines | CNBC

Category	Score	2017 Rank	2016 Rank
Workforce	252	32	42
Infrastructure	196	16	14 (Tie)
Cost of Doing Business	209	19	25
Economy	88	44	38
Quality of Life	107	42 (Tie)	36
Technology & Innovation	113	27	33
Education	59	45 (Tie)	34 (Tie)
Business Friendliness	32	45	43
Access to Capital	25	38 (Tie)	46 (Tie)
Cost of Living	29	22 (Tie)	25
Overall	1110	42	39

Economic Profile

Governor: Susana Martinez, Republican

Population: 2,081,015

GDP growth (Q4 2016): 1.3 percent

Unemployment rate (May 2017): 6.6 percent

Top corporate tax rate: 6.2 percent

Top individual income tax rate: 4.9 percent

Gasoline tax: 18.88 cents/gallon

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

Major private employers: Presbyterian Healthcare, PNM Resources

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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