Rabbitti | Istock | Getty Images
Connecticut Score and Ranking
| CATEGORYÂ | 2022 SCOREÂ | 2022 RANKÂ | 2021 RANKÂ | 2022 GRADEÂ |
|---|---|---|---|---|
| WORKFORCE | 251 | 14 | 15 | B |
| INFRASTRUCTURE | 165 | 39 | 18 | D |
| COST OF DOING BUSINESS | 101 | 45 | 45 | D |
| ECONOMY | 105 | 47 | 32 | F |
| LIFE, HEALTH & INCLUSION | 189 | 17 | 24 | C |
| TECHNOLOGY & INNOVATION | 133 | 25 | 8 | C+ |
| BUSINESS FRIENDLINESS | 135 | 11 | 8 | B |
| EDUCATION | 109 | 8 | 11 | B+ |
| ACCESS TO CAPITAL | 25 | 26 | 18 | C- |
| COST OF LIVING | 8 | 43 | 43 | F |
| OVERALL | 1221 | 39 | 24 |
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
