Pennsylvania is home to more than 1 million small businesses and provides employment for approximately 2.5 million people. Over 99% of these are within the private sector. As the 6th largest economy in the US, potential business owners might be looking at Pennsylvania as a promising destination for new businesses, as well as business expansions. But is the state of the economy enough reason to choose this particular business destination?
There are definite advantages that business owners can get when choosing Pennsylvania to invest in. First off, its healthy economic conditions are responsible for the low unemployment rate in the state. But the economic stability also poses a few challenges in terms of the labor market - it can be tough to find skilled workforce to join your business. But given that Pennsylvania is a large state with a diverse demography, you can easily find a talent to add to your team.
Add to the benefits of starting a business in Pennsylvania the fact that the state has a relatively low cost of living. For business owners, this could translate to a low cost of business operation. Other advantages that potential business owners can get are manageable tax rates (3.07%), proximity to large markets, and an overall positive entrepreneurial outlook. For business insurance related info please refer to our more in depth article.
At the request of our visitors we've included the below local insurance contacts for most cities in Pennsylvania. Whether you own a BMW or a Toyota Prius, you should always be on the lookout for affordable auto insurance rates in the state of Pennsylvania. Fortunately for you, we've done the hard work and compiled a comprehensive list of contacts who can help you compare multiple low cost quotes. If you're a resident of Pennsylvania, the rates you will end up paying heavily depend on your age, where you're located within the state, and what type of car you drive. For example, a newly-licensed teenager won't be able to find as cheap of a policy as an experienced adult with a clean driving record. Finding a low cost policy is perfectly doable if you cast a wide net and use discounts that many companies offer. For additional information on traffic laws or driving schools please navigate to your respective state using the map. And for manufactured home insurance, please refer to the respective article.
Pennsylvania, or officially known as the Commonwealth of Pennsylvania, is located in the Mid-Atlantic, Northeastern, and Appalachian regions of the U.S.
Known as the Keystone state, Pennsylvania played a huge role in the independence and establishment of the country. Established in1681, it is one of the 13 original founding states of the country. It was also the second state to ratify the United States Constitution. Both the US Declaration of Independence and US Constitution were drafted in Independence Hall, in Philadelphia (state's largest city). Its capital city of Harrisburg was rated the second best place to raise a family in the country in Forbes 2010.
There's an abundance of historical landmarks and attractions in Pennsylvania - from the Valley Forge, Liberty Bell, to the Gettysburg battle sites. Another great attraction in the state is Hershey Park, located at Hershey, Pennsylvania. This theme park is the home of the world-famous chocolate.
The service sector is the biggest industry in the state's economy, while tourism is its fastest-growing sector, followed by real estate, holdings and investments, business services, advertising, and other service-related industries.
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