Top States for Business 2021

43. Arkansas

The Natural State offers low costs. But on health care, crime, and voting rights, you get what you pay for.

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Arkansas Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business28543A
Life, Health & Inclusion12443--F
Business Friendliness853437C-
Access to Capital583733D-
Technology & Innovation534244F
Cost of Living7143A+

Economic Profile

Governor: Asa Hutchinson, Republican

Population: 3,030,522

GDP growth (Q1 2021): 6.9%

Unemployment rate (May 2021): 4.4%

Top corporate tax rate: 6.2%

Top individual income tax rate: 5.9%

Gasoline tax: 24.80 cents/gallon

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

Major private employers: Tyson Foods, Wal-Mart Stores

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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