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South Carolina is the 8th Best State for Business 2013

Previous State: Virginia Next State: Nevada No. 8South Carolina Taxations & Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  % Growth ’10-’11: 1.2 % Growth ’10-’11 v. Nat’l Avg. (1.5%): -0.3 Unemployment Unemployment Rate Dec. 2012 %: 8.6 Comparison with Nat’l Rate (7.80%): 0.8 Domestic Migration Domestic Net …

Previous State: Virginia Next State: Nevada

No. 8South Carolina

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 1.2
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): -0.3

Unemployment

  • Unemployment Rate Dec. 2012 %: 8.6
  • Comparison with Nat’l Rate (7.80%): 0.8

Domestic Migration

  • Domestic Net Migration ’10-’11: 22,013
  • Rank: 6

State Government

  • Debt per Capita Fiscal Year ’10 ($): 3,419
  • State & Local Gov’t Employees per 10k Residents: 577.2

State-Local Tax Burden

  • Rate (%): 9.2
  • Compared to Nat’l Avg. (9.9%): -0.66
Key Companies
  • Sonoco Products
  • AVX Corporation
  • SCANA Corp.
  • ScanSource
Development Trend Indicator: Sideways
Remains business-friendly but must close its unemployment-fund deficit.

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation

Previous State: #7 Virginia Next State: #9 Nevada

About JP Donlon

JP Donlon is the Editor-in-Chief of Chief Executive magazine.