35. Connecticut

This state lavishes attention on its great schools, but it can take be difficult to endure the high costs.

Connecticut State Flag painted on old wood plank texture
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Category
Score
2019 Rank
2018 Rank
Grade
Workforce 261 15 16 C+
Economy 138 43 45 D
Infrastructure 147 43 47 D+
Cost of Doing Business 100 43 46 D
Quality of Life 194 20 22 C+
Education 118 8 9 A-
Technology & Innovation 105 18 17 B
Business Friendliness 99 21 26 C+
Access to Capital 47 20 18 B-
Cost of Living 8 43 43 F
Overall 1217 35 37 -

Economic Profile

Governor: Ned Lamont, Democrat

Population: 3,572,045

GDP growth (Q4 2018): 1.8%

Unemployment rate (May 2019): 3.8%

Top corporate tax rate: 7.5%

Top individual income tax rate: 6.99%

Gasoline tax: 36.85 cents/gallon

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

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

Best | Worst

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    The war between the states for business and jobs has never been more intense, with states paying staggering amounts of taxpayer dollars to woo companies. Here is the ranking of America's Top States for Business in 2019, released by CNBC today.

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    By the numbers, these are America's worst states for business, according to a 2019 CNBC ranking released today. They received low marks for the quality of their workforce, business-friendliness, education and economic growth.

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    Analyzing the data from the CNBC America's Top States for Business study, we reveal the 10 states that get the highest marks for low crime, inclusiveness, a strong health system and a healthy environment.

Features

Top States Past Year Rankings

  • CNBC unveils its 12th annual America's Top States for Business study. See where your state ranks in 2018.

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    CNBC unveils its 10th annual America's Top States for Business ranking, scoring all 50 states on 10 key measures of competitiveness.