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Massachusetts Score and Ranking
| CATEGORY | 2023 SCORE | 2023 RANK | 2022 RANK | 2023 GRADE |
|---|---|---|---|---|
| WORKFORCE | 240 | 13 | 24 | B |
| INFRASTRUCTURE | 188 | 34 | 31 | C- |
| ECONOMY | 185 | 26 | 26 | C |
| LIFE, HEALTH & INCLUSION | 240 | 8 | 13 | B |
| COST OF DOING BUSINESS | 58 | 49 | 49 | F |
| TECHNOLOGY & INNOVATION | 235 | 1 | 10 | A+ |
| BUSINESS FRIENDLINESS | 104 | 19 | 21 | C+ |
| EDUCATION | 90 | 3 | 1 | A+ |
| ACCESS TO CAPITAL | 44 | 3 | 6 | A |
| COST OF LIVING | 7 | 47 | 47 | F |
| OVERALL | 1391 | 15 | 24 |
Economic Profile
Governor: Maura Healey, Democrat
Population: 6,981,974
GDP growth (Q1 2023): 2.50%
Unemployment rate (May 2023): 2.80%
Top corporate tax rate: 8.00%
Top individual income tax rate: 5.00%
Gasoline tax: 44.94 cents/gallon
Bond rating (Moody's/S&P): Aa1, Stable/AA+, Stable
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 (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
