Philadelphia, Pennsylvania
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Category Score 2013 Rank 2012 Rank
Cost of Doing Business1214441
Workforce1044448
Quality of Life1303333
Infrastructure & Transportation1673335
Economy2152926
Education10467
Technology & Innovation24555
Business Friendliness584130
Cost of Living183332
Access to Capital2356
Overall11853930

ECONOMIC PROFILE

Governor: Tom Corbett (R) 

Population: 12,763,536

GDP growth: 1.7 percent

Unemployment rate (May 2013): 7.5 percent

Top corporate rate: 9.99 percent

Top individual tax rate: 3.07 percent          

Gasoline tax: 32.3 cents/gallon

Bond rating/outlook: Aa2/Stable

Major private employers: Philadelphia International Airport, University of Pittsburgh, Penn State University, Highmark Inc., Hershey Medical Center, Vanguard Group, Mellon Financial, Lockheed Martin, PNC Financial Services Group, Reading Hospital & Medical Center, WellSpan Health

Economic profile sources: American Petroleum Institute (April 2013), Bureau of Economic Analysis (2012), Bureau of Labor Statistics (May 2013 release), CareerOneStop, Moody's Investors Service (senior-most tax-backed ratings), National Governors Association, Tax Foundation (2013), U.S. Census Bureau (2012 estimate)