37. Connecticut

The Nutmeg State suffers from high costs and a bad economy. But scores high on education.

Snow covers the roof of Aetna Inc. corporate headquarters in Hartford, Connecticut.
Ron Antonelli | Bloomberg | Getty Images
Snow covers the roof of Aetna Inc. corporate headquarters in Hartford, Connecticut.
Category
Score
2018 Rank
2017 Rank
Grade
Workforce 253 16 7 (Tie) B+
Infrastructure 150 47 47 D
Cost of Doing Business 88 46 43 (Tie) F
Economy 94 45 41 D
Quality of Life 176 22 23 C
Technology & Innovation 136 17 13 B
Education 141 9 3 A-
Business Friendliness 74 26 32 C
Access to Capital 64 18 20 (Tie) B-
Cost of Living 8 43 45 F
Overall 1184 37 33 -

Economic Profile

Governor: Dan Malloy, Democrat

Population: 3,588,184

GDP growth (Q4 2017): 2.4 percent

Unemployment rate (May 2018): 4.5 percent

Top corporate tax rate: 7.5 percent

Top individual income tax rate: 6.99 percent

Gasoline tax: 25 cents/gallon

Bond rating: (Moody's/S&P): A1, stable/A, stable

Major private employers: United Technologies Corp., General Electric Company

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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