POPULATION: 12,448,279

LABOR FORCE: 6,388,000

RIGHT TO WORK: No

TRADITIONAL INDUSTRIES: Mineral extraction and processing, agriculture, advanced manufacturing, pharmaceutical manufacturing, tourism

TARGETED INDUSTRIES: Life sciences, business and financial services, high technology, advanced materials and diversified manufacturing, building and construction, education, agriculture and food production, information and communication services, logistics and transportation, lumber wood and paper

COLLEGE GRADUATES: (Age 25 and over) 25.0%

BASIC BUSINESS TAXES:
Corporate Net Income Tax: 9.99 percent based on federal taxable income before the net operating loss deduction with certain modifications; generally, Pennsylvania follows the federal rules for depreciation, except that it does not allow for the deduction of post-9/11 “bonus” depreciation; for corporate net income tax purposes, limited liability companies are treated in the same manner as for federal income tax purposes Capital Stock and Foreign Franchise Tax: 0.89 mills for tax year beginning 2010, after which the tax is scheduled to expire

Sales and Use Tax: 6 percent on the sale at retail of tangible personal property and certain specifically enumerated services; Allegheny County (including the city of Pittsburgh) and Philadelphia County are the only municipalities that impose an additional 1 percent local sales and use tax

Property Tax: Imposed by counties, municipalities, and school districts on the assesed value of property as established by local assessor; no county or state tax on personal property, whether tangible or intangible