Pennsylvania is the 42nd Best State for Business 2013

Previous State: Maryland Next State: Hawaii No. 42Pennsylvania Taxations & Regulations Workforce Quality Living Environment Based on CEO Survey by [...]

May 6 2013 by JP Donlon


Previous State: Maryland Next State: Hawaii

No. 42Pennsylvania

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 1.2
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): -0.3

Unemployment

  • Unemployment Rate Dec. 2012 %: 7.9
  • Comparison with Nat’l Rate (7.80%): 0.1

Domestic Migration

  • Domestic Net Migration ’10-’11: -1,121
  • Rank: 31

State Government

  • Debt per Capita Fiscal Year ’10 ($): 3,526
  • State & Local Gov’t Employees per 10k Residents: 478.4

State-Local Tax Burden

  • Rate (%): 7.7
  • Compared to Nat’l Avg. (9.9%): -2.15
Key Companies
  • AmerisourceBergen
  • Sunoco
  • Rite Aid
  • CIGNA
  • PNC Financial
  • United States Steel
  • H.J. Heinz
Development Trend Indicator: Positive
Gov. Corbett has resisted tax hikes and instituted some regulatory reforms.
CEO Comments
“God help anyone dealing with PA’s department of revenue.”

“I consider [Pennsylvania] the ‘stupid state’ not because it is consistently bad, but rather is inconsistent, which is far worse to plan business.”

“Pennsylvania is by far the highest taxed for corporations but our workforce and those available to do work (welders, fitters, etc.) are the highest skilled. We also have an excellent group of colleges and universities in our area to supply us with engineers and other college-degreed employees. All of the states we are in except Pennsylvania are ‘right to work’ states and we are a non union shop.”

“Pennsylvania Environmental regulations and their bureaucracy make it difficult to plan and build new projects in a timely manner.”

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation

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