50. Rhode Island

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Category	Score	2019 Rank	2018 Rank	Grade
Workforce	226	32	15	D+
Economy	87	48	28	F
Infrastructure	98	50	50	F
Cost of Doing Business	99	44	44	D-
Quality of Life	159	28	27	D+
Education	95	25	25	C+
Technology & Innovation	90	27	33	C
Business Friendliness	55	40	38	D
Access to Capital	19	39	43	D-
Cost of Living	10	41	42	F
Overall	938	50	45	-

Economic Profile

Governor: Gina Raimondo, Democrat

Population: 1,057,315

GDP growth (Q4 2018): 1%

Unemployment rate (May 2019): 3.6%

Top corporate tax rate: 7.0%

Top individual income tax rate: 5.99%

Gasoline tax: 34 cents/gallon

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

Major private employers: Lifespan, CVS Health

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

America's Top States for Business 2019: The full list