Pennsylvania is the 43rd Best State for Business 2012

May 2 2012 by ChiefExecutive.net


No 43: Pennsylvania

No. 43

Pennsylvania

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: 1.44
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): 1.77

Unemployment

  • Unemployment Rate Dec. 2011 %: 7.60
  • Comparison with Nat’l Rate (8.50%): -0.90

Domestic Migration

  • Domestic Net Migration ’00-’09: -33,119
  • Rank: 34

State Government

  • Debt per Capita Fiscal Year ’10 ($): 3,526
  • State & Local Gov’t Employees per 10k Residents: 478.44

State-Local Tax Burden

  • Rate (%): 10.05
  • Compared to Nat’l Avg. (9.8%): 0.25
Key Companies
  • AmerisourceBergen
  • Sunoco
  • Rite Aid
  • CIGNA
  • PNC Financial
  • United States Steel
  • H.J. Heinz
Development Trend Indicator: Positive
While fracking ignites economy, statehouse helps with badly needed tort reform.
CEO Comments
“Pennsylvania has numerous, piddly taxes it is regulation heavy even for very small 1-2 person businesses.”

“Poor tax structure in California, Illinois, Massachusetts,Ohio, and Pennsylvania. None of these states are business friendly. Government is bloated with excessive cost and resulting high taxes in these states.”

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