South Carolina is the 7th Best State for Business 2012

No 7: South Carolina

No. 7

South Carolina

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by

Key Metrics
State GDP 

  • % Growth ’07-’10: -2.18
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): -1.84


  • Unemployment Rate Dec. 2011 %: 9.50
  • Comparison with Nat’l Rate (8.50%): 1.00

Domestic Migration

  • Domestic Net Migration ’00-’09: 306,045
  • Rank: 7

State Government

  • Debt per Capita Fiscal Year ’10 ($): 3,419
  • State & Local Gov’t Employees per 10k Residents: 577.25

State-Local Tax Burden

  • Rate (%): 8.07
  • Compared to Nat’l Avg. (9.8%): -1.73
Key Companies
  • Sonoco Products
  • AVX Corporation
  • SCANA Corp.
  • ScanSource
Development Trend Indicator: Neutral
Is now tackling reform of taxes, worker’s comp and unemployment insurance.
CEO Comments
“New York is moving in the right direction. I would expect them to move up in coming years. Texas, North and South Carolina are in a class by themselves.”

“The tort bar in South Carolina is very difficult, and nuisance lawsuits are out of control in that state.”

Bureau of Economic Analysis
Bureau of Labor Statistics
The Tax Foundation

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