Study: Starting a business in Pennsylvania is not easy | TribLIVE.com
Pennsylvania

Study: Starting a business in Pennsylvania is not easy

Stephen Huba
1390762_web1_money

Pennsylvania ranks among the worst states in which to start a new business, according to a new WalletHub study.

The study, comparing 50 states across 26 indicators of startup success, ranked Pennsylvania 46th overall based on business environment, access to resources and business costs.

Pennsylvania’s ranking put it below even New York and California, states widely seen as burdened by overregulation.

Although Pennsylvania ranked 22nd for access to resources, it ranked 47th for business environment, a category which received greater weight in the study. Business environment includes metrics such as startups per capita, five-year business survival rate and growth in number of small businesses.

Pennsylvania was ranked 37th for business costs, which includes metrics such as office space affordability, labor costs, corporate taxes and cost of living.

James Kunkel, executive director of the Saint Vincent College Small Business Development Center, said the WalletHub study shows that more work needs to be done to encourage entrepreneurship and self-employment as a viable career option in Pennsylvania.

“I suspect the business environment metrics are significantly influenced by demographic trends,” he said. “Pennsylvania has an aging population, with fewer young people who typically create new business ventures.”

The WalletHub study ranked Texas as the best state in which to start a business and Rhode Island as the worst. New York and California ranked 42nd and eighth respectively.

Stephen Huba is a Tribune-Review staff writer. You can contact Stephen at 724-850-1280, [email protected] or via Twitter .

Categories: Business | News | Pennsylvania
TribLIVE commenting policy

You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.

We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.

While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.

We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers

We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.

We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.

We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.

We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.