Pennsylvania
Top State for Business in 2023: Pennsylvania
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Pennsylvania Scores and Rankings
| Category | 2023 score | 2023 rank | 2022 Rank | 2023 grade |
|---|---|---|---|---|
| Labor force | 215 | twenty four | 28 | C. |
| infrastructure | 223 | 17 | 12 | B. |
| economic | 200 | 18 | 45 | C. |
| life, health and inclusion | 172 | 27 | twenty two | C- |
| business cost | 157 | twenty four | twenty two | B- |
| technology and innovation | 189 | 11 | 7 | B+ |
| business friendly | 87 | 31 | 26 | C- |
| education | 75 | 13 | Five | B+ |
| access to capital | 39 | 6 | 9 | B+ |
| Cost of living | 34 | 16 | 32 | B+ |
| whole | 1391 | 15 | 17 |
economic profile
Governor: Josh Shapiro, Democrat
Population: 12,972,008
GDP Growth (Q1 2023): 1.90%
Unemployment rate (May 2023): 4.0%
Maximum corporate tax rate: 8.99%
Maximum personal income tax rate: 3.07%
Gas tax: 77.10 cents/gallon
Bond Rating (Moody’s/S&P): Aa3, Stable/A+, Stable
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 (includes 18.40 cents/gallon federal tax), Moody’s Investors Service, S&P Global Market Intelligence
https://www.cnbc.com/2023/07/11/top-states-for-business-pennsylvania.html Top State for Business in 2023: Pennsylvania
