23. Pennsylvania

The Keystone State has built a strong base of business capital, but the infrastructure needs shoring up.

George Kavallines | CNBC
Category
Score
2017 Rank
2016 Rank
Cost of Doing Business 286 21 33
Infrastructure 160 38 35
Workforce 155 34 34
Economy 136 34 42
Quality of Life 143 30 29
Technology & Innovation 160 10 12
Education 133 10 21 (Tie)
Business Friendliness 72 28 35
Access to Capital 88 5 (Tie) 12
Cost of Living 17 34 (Tie) 35
Overall 1350 23 33

Economic Profile

Governor: Tom Wolf, Democrat

Population: 12,784,227

GDP growth (Q4 2016): 1.7 percent

Unemployment rate (May 2017): 5.0 percent

Top corporate tax rate: 9.99 percent

Top individual income tax rate: 3.07 percent

Gasoline tax: 59.30 cents/gallon

Bond rating/outlook (Moody's, S&P): Aa3, AA- watch negative

Major private employers: Knouse Foods Cooperative, Comcast

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

Latest Special Reports

  • In a world of big box retail and e-commerce, successful business owners are taking new paths to Main Street success.

  • Covid-19 is expected to be with us for years even if the colossal investment in treatments and vaccines eventually manages to contain and control the global pandemic. The world will look dramatically different in its wake. As businesses begin the shift from crisis mode to planning for the lasting impact of Covid, CNBC’s journalists will hunt for cases of companies and industries taking a leading role in shaping Our New Future.

  • Traders and financial professionals work on the floor of the New York Stock Exchange.

    CNBC’s financial reporters weigh in on what every investor needs to know when it comes to companies' earnings reports.