South Carolina is 5th Best State for Business 2014

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP % Growth ’12-’13: 1.2 % 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 Metrics

State GDP

Unemployment

Domestic Migration

State Government

State-Local Tax Burden

Key Companies
Sonoco Products AVX Corporation SCANA Corp. ScanSource

Development Trend Indicator: Neutral
Manages to boost highway-infrastructure spending without penalizing business.

CEO Comments
“South Carolina and Texas seem to be very pro-business, a good environment to start or bring a business to.” “South Carolina has attracted very heavy foreign investment (such as BMW and Michelin) and a rapidly growing aerospace sector (such as Boeing and 200+ other companies in aviation.”

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.