22. Pennsylvania

The Keystone State has solid schools and a strong capital base. But the economy is showing some cracks.

Pennsylvania remains a major steel and manufacturing state. 
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Pennsylvania remains a major steel and manufacturing state. 
Category
Score
2018 Rank
2017 Rank
Grade
Workforce 257 13 21 B+
Infrastructure 185 37 38 C
Cost of Doing Business 184 25 34 B-
Economy 116 41 34 D+
Quality of Life 134 34 30 D
Technology & Innovation 151 13 10 B+
Education 145 7 10 A-
Business Friendliness 71 31 28 C
Access to Capital 86 6 5 (Tie) A-
Cost of Living 19 32 34 (Tie) D+
Overall 1348 22 23 -

Economic Profile

Governor: Tom Wolf, Democrat

Population: 12,805,537

GDP growth (Q4 2017): 2.5 percent

Unemployment rate (May 2018): 4.5 percent

Top corporate tax rate: 9.99 percent

Top individual income tax rate: 3.07 percent

Gasoline tax: 58.70 cents/gallon

Bond rating (Moody's/S&P): Aa3, stable/A+, stable

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

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