The Sentinel

WalletHub Survey Ranks PA Low in Terms of Where to Start a Business

July 19, 2019

 A recent survey by WalletHub ranked Pennsylvania close to the bottom for its “2019 Best and Worst States to Start a Business” and third from the bottom in terms of the state’s “business environment,” which calculated the average work week, growth in the number of small businesses and five-year survival rate for businesses.

 

According to a story in The Center Square, conservative lawmakers and pro-business groups are attributing this dismal showing with the state’s onerous regulatory climate.  The story references a news conference in April where lawmakers said that 153,000 regulations were keeping the state’s employers “closed for business.”  The PA Chamber supports a package of regulatory reform bills that would help to reduce this red tape, ensure that the legislature plays a key role in the development and enforcement of any regulations, review and potentially reduce any outdated or duplicative regulations, and more.

 

The PA Chamber also supports comprehensive state-level tax reforms that would mirror the federal tax reforms which have helped to spur economic growth across the nation and boost employer optimism.   This too would improve the state’s standing in terms of perceived friendliness and better enable Pennsylvania to compete for jobs and capital.

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Founded in 1916, the Pennsylvania Chamber of Business and Industry is the state's largest broad-based business association, with its membership comprising businesses of all sizes and across all industry sectors. The PA Chamber is The Statewide Voice of BusinessTM.