20. Arizona (Tie)

Joshua Lott | Bloomberg | Getty Images

An industrial dump truck transports a load of rocks at a copper mine in Arizona.

Category	Score	2018 Rank	2017 Rank	Grade
Workforce	285	8	7 (Tie)	A
Infrastructure	226	16	14 (Tie)	B
Cost of Doing Business	127	39	37	D+
Economy	219	10	19	A-
Quality of Life	126	36	31 (Tie)	D-
Technology & Innovation	123	23	24	C+
Education	46	48	49	F
Business Friendliness	105	11	14	B
Access to Capital	62	20	18 (Tie)	B-
Cost of Living	31	20	25	B-
Overall	1350	20	26	-

Economic Profile

Governor: Doug Ducey, Republican

Population: 7,016,270

GDP growth (Q4 2017): 3.1 percent

Unemployment rate (May 2018): 4.7 percent

Top corporate tax rate: 4.9 percent

Top individual income tax rate: 4.54 percent

Gasoline tax: 18 cents/gallon

Bond rating: (Moody's/S&P): Aa2, stable/AA, stable

Major private employers: Banner Health, Southern Copper Corp.

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

Overall Rankings 2018