South Carolina is the 8th Best State for Business 2013

May 6, 2013

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

Unemployment

Domestic Migration

State Government

State-Local Tax Burden

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