South Carolina is the 5th Best State for Business 2014

Previous State:North Carolina Next State: Indiana

No. 05 South Carolina

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 
  • % Growth ’11-’12: 2.7/strong>
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): 0.2

Unemployment

  • Unemployment Rate Dec. 2013 %: 6.6
  • Comparison with Nat’l Rate (6.70%): -0.1

Domestic Migration

  • Domestic Net Migration 2013: 29,324
  • Rank: 5

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 3,271
  • State & Local Gov’t Employees per 10k Residents: 577.2

State-Local Tax Burden

  • Rate (%): 8.4%
  • Compared to Nat’l Avg. (9.9%): -1.49%
Key Companies
  • ExxonMobil Corp.
  • AT&T Inc.
  • Dell Inc.
  • ConocoPhillips
  • AMR Corp.
  • Fluor
  • Halliburton
  • Southwest Airlines
Development Trend Indicator: Neutral
Manages to boost highway-infrastructure spending without penalizing business.
CEO Comments
“Glad to become part of the great “TEXodus” and moved from CA to TX — been really terrific for us…” 

“Texas still stands head and shoulders above others in their business climate, employee work ethics and living environment.”

Based on CEO Survey by ChiefExecutive.net

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


J.P. Donlon

J.P. Donlon is Editor Emeritus of Chief Executive magazine.

Share
Published by
J.P. Donlon

Recent Posts

AOL’s Steve Case On The Key Difference Between A Founder And CEO

In this edition of our Corporate Competitor Podcast, leadership speaker and storytelling expert Don Yaeger…

7 hours ago

Chase The Unreasonable To Reimagine The Future

Being able to reconfigure our business model often means being willing to blow up something…

7 hours ago

Best & Worst States for Business 2024 Survey Finds Unsettled CEOs Ready To Roam

Latest Chief Executive survey of Best & Worst States for Business demonstrates upward mobility is…

1 day ago

Best & Worst States: Why An Indian Graphite Manufacturer Chose North Carolina

Epsilon Advanced Materials is tapping into American EV transition by siting a $650-million plant.

1 day ago

Best & Worst States: CEO Poll Finds 49% ‘More Open’ To New Locations Than A Year Ago

Our 2024 Best & Worst States for business survey finds chief executives settling into new…

1 day ago

Best & Worst States: ‘Mr. Wonderful’ Is Now Endorsing Entire States, Not Just Startups

Shark Tank celebrity investor O’Leary really loves Oklahoma and other 'flyover' states while training specific…

1 day ago