44. Pennsylvania

The Keystone State excels in education, technology and innovation. But costs are high and its workforce is heavily unionized.

Category
Score
2014 Rank
2013 Rank
Cost of Doing Business 136 42 44
Workforce 94 48 44
Quality of Life 117 35 (Tie) 33
Infrastructure & Transportation 152 37 33
Economy 179 37 29
Education 108 6 6
Technology & Innovation 234 8 5
Business Friendliness 61 39 (Tie) 41
Cost of Living 16 35 33
Access to Capital 17 17 (Tie) 5
Overall 1114 44 39

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

  • CNBC's senior correspondent and lead investigative reporter, Scott Cohn also appears on "NBC Nightly News with Brian Williams," "Today" and on MSNBC.

From the Governors

Latest Special Reports