2014 Best & Worst States

South Carolina is the 8th Best State for Business 2013

J.P. Donlon

May 6, 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 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 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

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South Carolina is the 8th Best State for Business 2013

No. 8South Carolina

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