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Best States for Business 2019
Rhode Island
gross state product
$63B
population
1.1M
median household income
$66,446
cost of doing business
8% above nat'l avg
college attainment
33.5%
net migration
900 (year: 2018)
unemployment
3.7%
moody`s bond rating
Aa2
governor
Gina Raimondo
Rhode Island had a net migration out of the state every year since 2005 through 2017. After a brief reprieve, the trend is expected to continue in the future. The state has the lowest rate of new entrepreneurs in the country. Rhode Island had been stuck in the bottom ten overall of Forbes Best States for Business for 14 straight years, but has been moving up in recent years thanks to improved scores for its labor supply and economic outlook. Another plus: a high percentage of millennials relative to other New England states
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