Pennsylvania Not Among Best States for Business

Chief Executive Group released its annual Best/Worst States for Business report, bestowing another undesirable state ranking on Pennsylvania.

The commonwealth ranked 39th out of the 50 states, dropping seven spots since 2010. This decline continues Pennsylvania's five year slump from 27th to its present rank.

Business leaders grading the states expressed concerns of excessive taxation and regulation. Also among top concerns were environmental regulations and labor laws preventing businesses from deciding terms of hiring and employee compensation.

Here are some more facts about Pennsylvania's business climate and taxes:

For ideas on how to improve Pennsylvania's economy, check out CF's 80 Ideas for a Prosperous Pennsylvania.