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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
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Key Companies |
- Sonoco Products
- AVX Corporation
- SCANA Corp.
- ScanSource
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Development Trend Indicator: Sideways |
Remains business-friendly but must close its unemployment-fund deficit.
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Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation
Previous State: #7 Virginia Next State: #9 Nevada