America's Top States for Business 2018

22. Pennsylvania

Pennsylvania remains a major steel and manufacturing state. 
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Category Score 2018 Rank 2017 Rank Grade
Workforce2571321B+
Infrastructure1853738C
Cost of Doing Business1842534B-
Economy1164134D+
Quality of Life1343430D
Technology & Innovation1511310B+
Education145710A-
Business Friendliness713128C
Access to Capital8665 (Tie)A-
Cost of Living193234 (Tie)D+
[[link#105237323#Overall]]134822[[link#104395411#23]]-

Economic Profile

Governor: Tom Wolf, Democrat

Population: 12,805,537

GDP growth (Q4 2017): 2.5 percent

Unemployment rate (May 2018): 4.5 percent

Top corporate tax rate: 9.99 percent

Top individual income tax rate: 3.07 percent

Gasoline tax: 58.70 cents/gallon

Bond rating (Moody's/S&P): Aa3, stable/A+, stable

Major private employers: Knouse Foods Cooperative, Comcast

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

America's Top States for Business 2018
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