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Pennsylvania Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 235 | 20 | 17 | B |
| WORKFORCE | 186 | 35 | 24 | D |
| ECONOMY | 158 | 34 | 18 | D+ |
| QUALITY OF LIFE | 179 | 25 | 27 | C |
| COST OF DOING BUSINESS | 148 | 27 | 24 | B- |
| TECHNOLOGY & INNOVATION | 184 | 7 | 11 | A- |
| BUSINESS FRIENDLINESS | 98 | 41 | 31 | D+ |
| EDUCATION | 82 | 3 | 13 | A |
| ACCESS TO CAPITAL | 65 | 5 | 6 | A- |
| COST OF LIVING | 39 | 7 | 16 | A- |
| OVERALL | 1374 | 17 | 15 |
Economic Profile
Governor: Josh Shapiro, Democrat
Population: 12,961,683
GDP growth (Q1 2024): 1.4%
Unemployment rate (May 2024): 3.4%
Top corporate tax rate: 8.49%
Top individual income tax rate: 3.07%
Gasoline tax: 77.10 cents/gallon
Bond rating (Moody's/S&P): Aa3, Positive/A+, Positive
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, Tax Foundation, American Petroleum Institute (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
