Pennsylvania

Top State of Business 2022: Pennsylvania

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Pennsylvania scores and rankings

Category 2022 score 2022 rank 2021 rank 2022 grade
Labor force 213 28 28 twenty two C
infrastructure 223 12 13 B
The cost of doing business 199 twenty two 28 28 B +
Economy 106 45 45 41 41 F
Life, health, inclusion 171 twenty two 33 33 C-
Technology and innovation 175 7 14 A-
BUSINESS FRIENDLINESS 97 26 39 39 D +
education 117 117 Five Five A-
Access to capital 38 9 12 B +
Cost of living 19 19 32 33 33 D +
whole 1358 17 17 twenty three

Economic profile

Governor: Tom Wolfe, Democratic Party

Population: 12,964,056

GDP growth rate (1st quarter of 2022): -2.0%

Unemployment rate (May 2022): 4.6%

Maximum corporate tax rate: 9.99%

Maximum personal income tax rate: 3.07%

Gasoline tax: 58.70 cents / gallon

Bond Rating (Moody’s / S & P): Aa3, Stable / A +, Stable

Economic Profile Sources: US Census Bureau, US Economic Analysis Bureau, US Labor Statistics Bureau, Tax Managers’ Federation, US Petroleum Association (18.40 cents / gallon, excluding federal tax), Moody’s Investor Services, S & P Global Market Intelligence

Top State of Business 2022: Pennsylvania

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