Top States for Business

39. Connecticut

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Connecticut Score and Ranking

CATEGORY  2022 SCORE  2022 RANK  2021 RANK  2022 GRADE 
WORKFORCE2511415B
INFRASTRUCTURE1653918D
COST OF DOING BUSINESS1014545D
ECONOMY1054732F
LIFE, HEALTH & INCLUSION1891724C
TECHNOLOGY & INNOVATION133258C+
BUSINESS FRIENDLINESS135118B
EDUCATION109811B+
ACCESS TO CAPITAL252618C-
COST OF LIVING84343F
OVERALL12213924

Economic Profile

Governor: Ned Lamont, Democrat

Population: 3,605,597

GDP growth (Q1 2022): -1.4%

Unemployment rate (May 2022): 4.2%

Top corporate tax rate: 7.5%

Top individual income tax rate: 6.99%

Gasoline tax: 35.75 cents/gallon

Bond rating: (Moody's/S&P): Aa3, stable/A+, positive

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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