36. New Jersey
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| Category | Score | 2019 Rank | 2018 Rank | Grade |
|---|---|---|---|---|
| Workforce | 269 | 14 | 18 | C+ |
| Economy | 144 | 40 | 31 | D+ |
| Infrastructure | 157 | 39 | 43 | C- |
| Cost of Doing Business | 93 | 45 | 50 | D- |
| Quality of Life | 213 | 11 | 16 | B- |
| Education | 124 | 4 | 7 | A |
| Technology & Innovation | 111 | 15 | 18 | B |
| Business Friendliness | 35 | 45 | 44 | F |
| Access to Capital | 60 | 12 | 9 | A- |
| Cost of Living | 10 | 41 | 41 | F |
| [[link#105843737#Overall]] | 1216 | 36 | 36 | - |
Economic Profile
Governor: Phil Murphy, Democrat
Population: 8,908,520
GDP growth (Q4 2018): 1.8%
Unemployment rate (May 2019): 3.8%
Top corporate tax rate: 9%
Top individual income tax rate: 10.75%
Gasoline tax: 41.40 cents/gallon
Bond rating (Moody's/S&P): A3, stable/A-, stable
Major private employers: Wakefern Food Corporation, Johnson & Johnson
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