A guide to help you understand the ins and outs of business in Pennsylvania
Pennsylvania is located in the northeast region of the United States. It has Harrisburg as its capital, but Philadelphia as its largest city. It is the 33rd largest state in the US, but with Philadelphia and Pittsburgh in the state, it is the 5th most populous state with a total of 12.81 million residents. Philadelphia and Pittsburgh are destinations for Qatar Airways; Philadelphia for passenger flights and Pittsburgh for cargo flights. The state’s 2019 gross domestic product was $808,737,000,000.
Its largest industries are natural gas, manufacturing, agribusiness, tourism, life sciences and plastics. Pennsylvania produced over 5 trillion cubic feet of natural gas in 2016. It is the 2nd largest producer of natural gas and 3rd for total energy exports in the US.
In 2019, Pennsylvania imported $29,098,703 from Qatar. Its top imports are: Fertilizers Ores, slag and ash Plastics and articles thereof In 2019, Pennsylvania exported $42,254,714 to Qatar with its top exports being: Nuclear reactors, boilers, machinery, etc. Electrical machinery, sound/tv equipment Optic, photo, medical/surgical instruments Carnegie Mellon University has a branch campus in Education City in Qatar.
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Pennsylvania’s corporate income tax is a flat rate of 9.99% across the board. Furthermore, Pennsylvania has eight free trade zones across the state. They can be found in Scranton, Pittsburgh, Philadelphia, Harrisburg, Erie, and Lehigh Valley. Pennsylvania also has a total of 80 incentive programs. Some examples of these incentive programs are the Solar Energy Program (SEP), the Video Game Production Tax Credit (VGPTX), and the Watershed Restoration and Protection Program.