10 Worst States for Business 2013: Slideshow

Number 1 Number 3

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
“We are headquartered in Pennsylvania (over 120 years)and have facilities in Florida, Texas, Utah, and Alabama. Pennsylvania is by far the highest taxed for corporations but our workforse and those available to do work (welders, fitters, etc.) is 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. Indiana is getting more competitive every year and it is boosting the competitiveness of the surrounding states (except for Illinois)”

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

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