Top States for Business

23. Connecticut

Ihor Chopovskyi | Istock | Getty Images

Connecticut Score and Ranking

CATEGORY 2026 SCORE 2026 RANK 2025 RANK 2026 GRADE
INFRASTRUCTURE2192933C
ECONOMY1953438D+
WORKFORCE183258C-
QUALITY OF LIFE20555A-
COST OF DOING BUSINESS1074044D+
TECHNOLOGY & INNOVATION1431919B
BUSINESS FRIENDLINESS1222135C+
ACCESS TO CAPITAL552316C
EDUCATION7245A-
COST OF LIVING164437D
OVERALL13172328

Economic Profile

Governor: Ned Lamont, Democrat

Population: 3,688,496

GDP growth (Q1 2026): 1.80%

Unemployment rate (May 2026): 5.10%

Top corporate tax rate: 8.25%

Top individual income tax rate: 6.99%

Gasoline tax: 43.4 cents/gallon

Bond rating (Moody's/S&P): Aa2, 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 (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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