20. Arizona (Tie)

A surge of workers and a construction boom are closing the gap in the Grand Canyon State, but schools are still struggling.

An industrial dump truck transports a load of rocks at the Asarco LLC Ray Operations copper mine in Kearny, Arizona.
Joshua Lott | Bloomberg | Getty Images
An industrial dump truck transports a load of rocks at the Asarco LLC Ray Operations copper mine in Kearny, 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

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