41. New Mexico

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Category	Score	2019 Rank	2018 Rank	Grade
Workforce	250	21	34	C
Economy	211	27	46	B-
Infrastructure	183	24	17	B-
Cost of Doing Business	196	26	24	B
Quality of Life	101	44	41	F
Education	56	45	44	F
Technology & Innovation	64	37	37	D
Business Friendliness	44	44	42	D-
Access to Capital	23	35	33	D
Cost of Living	36	15	19	B+
Overall	1164	41	43	-

Economic Profile

Governor: Michelle Lujan Grisham, Democrat

Population: 2,095,428

GDP growth (Q4 2018): 4.1%

Unemployment rate (May 2019): 5%

Top corporate tax rate: 5.9%

Top individual income tax rate: 4.9%

Gasoline tax: 18.88 cents/gallon

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

Major private employers: Presbyterian Healthcare, PNM Resources

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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