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Massachusetts Score and Ranking
| CATEGORYÂ | 2022 SCOREÂ | 2022 RANKÂ | 2021 RANKÂ | 2022 GRADEÂ |
|---|---|---|---|---|
| WORKFORCE | 222 | 24 | 9 | C+ |
| INFRASTRUCTURE | 184 | 31 | 29 | C- |
| COST OF DOING BUSINESS | 77 | 49 | 49 | F |
| ECONOMY | 164 | 26 | 28 | C- |
| LIFE, HEALTH & INCLUSION | 204 | 13 | 8 | C+ |
| TECHNOLOGY & INNOVATION | 167 | 10 | 2 | B+ |
| BUSINESS FRIENDLINESS | 107 | 21 | 32 | C |
| EDUCATION | 131 | 1 | 1 | A+ |
| ACCESS TO CAPITAL | 41 | 6 | 6 | A- |
| COST OF LIVING | 4 | 47 | 46 | F |
| OVERALL | 1301 | 24 | 14 |
Economic Profile
Governor: Charlie Baker, Republican
Population: 6,984,723
GDP growth (Q1 2022): 0.2%
Unemployment rate (May 2022): 3.9%
Top corporate tax rate: 8%
Top individual income tax rate: 5.00%
Gasoline tax: 26.54 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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
