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America's Top States For Business 2013

#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)

Top States For Business 2013

From the Governors

Video

  • South Dakota, More Than Just Gorgeous Views

    South Dakota is the winner of the annual "America's Top States for Business" study. CNBC's Scott Cohn reports on the state's economy and its stunning views.

  • Ranking America's Workforces

    CNBC's Scott Cohn reveals how other states fared when it came to their workforce, including a look at education level, retraining programs and union membership.

  • Why South Dakota is Top State for Business

    The cost of doing business was one of the key reasons the Mount Rushmore State captured the top ranking as the best state for business, reports CNBC's Scott Cohn.