50. Rhode Island

Infrastructure issues loom large in the smallest state, but with a rescue plan in place, officials are hopeful.

Rhode Island state flag painted on a wall
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2019 Rank
2018 Rank
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

Best | Worst

  • HOUSTON, TX - MARCH 26: United States fans celebrate with a USA banner in game action during a friendly International match between Chile and the United States on March 26, 2019 at BBVA Compass Stadium in Houston, TX. (Photo by Robin Alam/Icon Sportswire via Getty Images)

    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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    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.


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.