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No. 46 Massachusetts
Taxations & Regulations
Workforce Quality
Living Environment
Key Metrics |
State GDP
- % Growth ’12-’13: 1.6
- % Growth ’11-’12 v. Nat’l Avg. (2.5%): -0.3
Unemployment
- Unemployment Rate Dec. 2013 %: 7
- Comparison with Nat’l Rate (6.70%): 0.3
Domestic Migration
- Domestic Net Migration 2013: -2,833
- Rank: 33
State Government
- State Debt per Capita Fiscal Year ’13 ($): 11,790
- State & Local Gov’t Employees per 10k Residents: 517.5
State-Local Tax Burden
- Rate (%): 10.4%
- Compared to Nat’l Avg. (9.9%): 0.57%
|
Key Companies |
- State Street Corporation
- Raytheon
- The TJX Companies
- BJ’s Wholesale Club
- Boston Scientific
- Smurfit-Stone Container
|
Development Trend Indicator: Negative |
At least state legislature is resisting Gov. Patrick push for highest minimum wage. |
Based on CEO Survey by ChiefExecutive.net
Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation