America's Top States For Business

44. Pennsylvania

Category Score 2014 Rank 2013 Rank
Cost of Doing Business1364244
Workforce944844
Quality of Life11735 (Tie)33
Infrastructure & Transportation1523733
Economy1793729
Education10866
Technology & Innovation23485
Business Friendliness6139 (Tie)41
Cost of Living163533
Access to Capital1717 (Tie)5
Overall11144439

Economic Profile

Governor: Tom Corbett, Republican

Population: 12,773,801

GDP growth: 0.7 percent

Unemployment rate (May 2014): 5.7 percent

Top corporate tax rate: 9.9 percent

Top individual income tax rate: 3.07 percent

Gasoline tax: 60 cents/gallon

Bond rating/outlook: Aa2/stable

Major private employer: Wal-Mart

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Pennsylvania Dept. of Labor and Industry

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