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Forbes ranks Pennsylvania No. 30 for business

By - Last modified: December 13, 2012 at 12:04 PM

Pennsylvania has dropped four spots in Forbes' ranking of U.S. states' business climates.

The commonwealth now ranks No. 30 in the magazine’s annual list, down from No. 26 last year. It is slotted between Missouri at No. 29 and Nevada at No. 31; its neighbor Ohio is at No. 33.

States were graded on six criteria: business costs, labor supply, regulation, economic climate, growth prospects and quality of life. Though Pennsylvania’s quality of life came in at No. 7, it rated poorly in business costs (No. 39), labor supply (No. 37) and growth prospects (No. 44).

Forbes rated Utah No. 1 and Maine No. 50. The two states received the same rankings last year.

In the article accompanying the ranking, Forbes highlighted right-to-work laws, which have become a prominent political issue following Michigan’s enactment of such a law this month.

States with right-to-work laws have stronger economies, Forbes said. Nine of its top 10 states have right-to-work laws, while only one of its bottom 10 does, the magazine said.

The Washington Post, however, reports that though right-to-work laws do weaken unions and depress wages and benefits, researchers have not found conclusive evidence that they either help or harm a state’s economy overall.

Gov. Tom Corbett said this week he does not see the political will in Pennsylvania for a right-to-work law.

 

Write to the Editorial Department at editorial@cpbj.com

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