Business is choppy in the Ocean State. Health care is sound, but infrastructure is aging.
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Rhode Island Score and Ranking
| Category | 2021 Score | 2021 Rank | 2019 Rank | 2021 Grade |
|---|---|---|---|---|
| Cost of Doing Business | 98 | 46 | 44 | F |
| Infrastructure | 153 | 42 | 50 | D |
| Life, Health & Inclusion | 235 | 13 | -- | B- |
| Workforce | 182 | 23 | 32 | C |
| Economy | 106 | 36 | 48 | D+ |
| Business Friendliness | 93 | 30 | 40 | C |
| Access to Capital | 41 | 41 | 39 | F |
| Technology & Innovation | 85 | 28 | 27 | C |
| Education | 77 | 28 | 25 | C+ |
| Cost of Living | 14 | 42 | 41 | F |
| Overall | 1084 | 46 | 50 | -- |
Economic Profile
Governor: Dan McKee, Democrat
Population: 1,057,125
GDP growth (Q1 2021): 7.2%
Unemployment rate (May 2021): 5.8%
Top corporate tax rate: 7.0%
Top individual income tax rate: 5.99%
Gasoline tax: 35 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
