50. Alaska

The Last Frontier’s fiscal crisis is severe. But rising oil prices and good quality of life may offer a way out.

A full moon helps illuminate the Alaskan pipeline under the faint glow of the Aurora Borealis near Milne Point, Alaska.
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A full moon helps illuminate the Alaskan pipeline under the faint glow of the Aurora Borealis near Milne Point, Alaska.
Category
Score
2018 Rank
2017 Rank
Grade
Workforce 215 33 25 C+
Infrastructure 192 34 35 C
Cost of Doing Business 83 47 42 F
Economy 39 50 48 F
Quality of Life 158 25 22 D+
Technology & Innovation 60 45 41 (Tie) F
Education 56 45 42 F
Business Friendliness 102 14 20 (Tie) B
Access to Capital 6 49 49 F
Cost of Living 5 46 46 F
Overall 916 50 47 -

Economic Profile

Governor: Bill Walker, Independent

Population: 739,795

GDP growth (Q4 2017): 3.1 percent

Unemployment rate (May 2018): 7.2 percent

Top corporate tax rate: 9.4 percent

Top individual income tax rate: 0 percent

Gasoline tax: 8.95 cents/gallon

Bond rating: (Moody's/S&P): Aa3, stable/AA, stable

Major private employers: Providence Health & Services, General Communication

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 cents/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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