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America's Top States For Business

#39 Pennsylvania

Philadelphia, Pennsylvania
Jose Luis Stephens | Radius Images | Getty Images
Philadelphia, Pennsylvania
Category Score 2013 Rank 2012 Rank
Cost of Doing Business 121 44 41
Workforce 104 44 48
Quality of Life 130 33 33
Infrastructure & Transportation 167 33 35
Economy 215 29 26
Education 104 6 7
Technology & Innovation 245 5 5
Business Friendliness 58 41 30
Cost of Living 18 33 32
Access to Capital 23 5 6
Overall 1185 39 30

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)

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