#16 Massachusetts
ECONOMIC PROFILE
Governor: Deval Patrick (D)
Population: 6,646,144
GDP growth: 2.2 percent
Unemployment rate (May 2013): 6.6 percent
Top corporate rate: 8 percent
Top individual tax rate: 5.25 percent
Gasoline tax: 23.5 cents/gallon
Bond rating/outlook: Aa1/Stable
Major private employers: Massachusetts General Hospital, Brigham & Women's Hospital, Harvard University, Massachusetts Institute of Technology, Children's Hospital Boston, Liberty Mutual Group Inc., St. Luke's Hospital, Boston University, EMC Corp., John Hancock Life Insurance, Sinai Hospital, North Shore Medical Center, Boston Medical Center
Economic profile sources: American Petroleum Institute (April 2013), Bureau of Economic Analysis (2012), Bureau of Labor Statistics (May 2013 release), CareerOneStop, Moody's Investors Service (Most recent Senior most Tax Backed Ratings), National Governors Association, Tax Foundation (2013), U.S. Census Bureau (2012 estimate)
