POPULATION: 1,067,610 (2006 estimate)
LABOR FORCE: 578,064 (2007)
RIGHT TO WORK: No
TRADITIONAL INDUSTRIES: Finance, insurance, health services, educational services, boat and ship building, fabricated metal products, machinery manufacturing, jewelry and silverware
COLLEGE GRADUATES: (Age 25 and over) 30.9% (2006)
EXPANDING INDUSTRIES: Pharmaceuticals, life sciences, financial services, insurance, enterprise management, defense-related industries, engineering, computer and mathematical
services
BASIC BUSINESS TAXES:
Corporate Income Tax: 3–9 percent
Sales and Use Tax: 7 percent
Municipal Property Tax: Rates vary
BUSINESS INCENTIVES:
Corporate tax rate reduction for job creation
Personal income tax reduction on performance-based income
Investment Tax Credit
Innovation Tax Credit
R&D Tax Credit
Job Training Tax Credits
Enterprise Zones
Historic Preservation Tax Credit
Brownfields incentives
Job training grants
Bond, insurance, and small business financing
Incentives for financial services and insurance
No sales tax on boats
No sales tax on aircraft, aircraft parts, or fuel
No local property taxes on manufacturers’ machinery, equipment, or inventory