Top States For Business 2019: Connecticut

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

35. Connecticut

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

Economic Profile

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