20. Arizona (Tie)
An industrial dump truck transports a load of rocks at a copper mine in Arizona.
Joshua Lott | Bloomberg | Getty Images
| Category | Score | 2018 Rank | 2017 Rank | Grade |
|---|---|---|---|---|
| Workforce | 285 | 8 | 7 (Tie) | A |
| Infrastructure | 226 | 16 | 14 (Tie) | B |
| Cost of Doing Business | 127 | 39 | 37 | D+ |
| Economy | 219 | 10 | 19 | A- |
| Quality of Life | 126 | 36 | 31 (Tie) | D- |
| Technology & Innovation | 123 | 23 | 24 | C+ |
| Education | 46 | 48 | 49 | F |
| Business Friendliness | 105 | 11 | 14 | B |
| Access to Capital | 62 | 20 | 18 (Tie) | B- |
| Cost of Living | 31 | 20 | 25 | B- |
| [[link#105237323#Overall]] | 1350 | 20 | [[link#104395290#26]] | - |
Economic Profile
Governor: Doug Ducey, Republican
Population: 7,016,270
GDP growth (Q4 2017): 3.1 percent
Unemployment rate (May 2018): 4.7 percent
Top corporate tax rate: 4.9 percent
Top individual income tax rate: 4.54 percent
Gasoline tax: 18 cents/gallon
Bond rating: (Moody's/S&P): Aa2, 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