Top States for Business

30. Arizona

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The Grand Canyon State is attracting a diverse workforce, but they are finding dirty air and underfunded health care.

Arizona Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business1623741C-
Infrastructure227813B+
Life, Health & Inclusion9150F
Workforce24052A-
Economy1541412B
Business Friendliness14579A-
Access to Capital822618C-
Technology & Innovation882723C
Education624147D
Cost of Living303124D+
Overall12813020

Economic Profile

Governor: Doug Ducey, Republican

Population: 7,421,401

GDP growth (Q1 2021): 7.4%

Unemployment rate (May 2021): 6.7 %

Top corporate tax rate: 4.9%

Top individual income tax rate: 8%

Gasoline tax: 19 cents/gallon

Bond rating: (Moody's/S&P): Aa1, stable/AA, stable

Major private employers: Banner Health, Southern Copper Corp.

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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