28. Pennsylvania

Easy access to capital can put your business on the map, but unstable state finances restrain growth.

Pennsylvania state Flag emblem on metallic texture
phot705 | iStock | Getty Images
2019 Rank
2018 Rank
Workforce 234 31 13 D+
Economy 145 39 41 D+
Infrastructure 183 24 37 B-
Cost of Doing Business 168 30 25 C+
Quality of Life 153 32 34 D+
Education 112 9 7 B+
Technology & Innovation 112 13 13 B+
Business Friendliness 80 29 31 C-
Access to Capital 65 6 6 A-
Cost of Living 23 28 32 C-
Overall 1275 28 22 -

Economic Profile

Governor: Tom Wolf, Democrat

Population: 12,807,060

GDP growth (Q4 2018): 2.5%

Unemployment rate (May 2019): 3.8%

Top corporate tax rate: 9.99%

Top individual income tax rate: 3.07%

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

Best | Worst

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    The war between the states for business and jobs has never been more intense, with states paying staggering amounts of taxpayer dollars to woo companies. Here is the ranking of America's Top States for Business in 2019, released by CNBC today.

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    By the numbers, these are America's worst states for business, according to a 2019 CNBC ranking released today. They received low marks for the quality of their workforce, business-friendliness, education and economic growth.

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    Analyzing the data from the CNBC America's Top States for Business study, we reveal the 10 states that get the highest marks for low crime, inclusiveness, a strong health system and a healthy environment.


Top States Past Year Rankings

  • CNBC unveils its 12th annual America's Top States for Business study. See where your state ranks in 2018.

  • CNBC unveils its 11th annual America's Top States for Business ranking for 2017, scoring all 50 states on 10 key measures of competitiveness.

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    CNBC unveils its 10th annual America's Top States for Business ranking, scoring all 50 states on 10 key measures of competitiveness.