#7 South Carolina


#11 in Taxation and Regulation

#19 in Workforce Quality

#6 in Living Environment

Right to Work?

Regional Profile – Southeast

STATE
OVERALL REGIONAL RANK
TAXATION & REGULATION REGIONAL RANK
WORKFORCE QUALITY REGIONAL RANK
LIVING ENVIRONMENT REGIONAL RANK
Alabama
7
6
7
8
Florida
1
2
6
5
Georgia
5
4
2
3
Kentucky
8
7
8
7
Louisiana
10
9
9
9
Mississippi
11
10
10
11
North Carolina
2
5
3
1
South Carolina
4
3
5
2
Tennessee
3
1
1
4
Virginia
6
8
4
6
West Virginia
9
11
11
10

Key Industries

Aerospace, Automotive, Biotech, Forestry, Food Processing, Logistics, Textiles, Chemicals

Key Companies

AVX Corp.

BMW

Denny’s

Fujifilm Manufacturing

Hitachi Electronic Devices

Liberty Tax Service

Muzak

SCANA Corp.

Sonoco Products

Advantages

Volvo chose a site in Berkeley County for its first North American factory in July, thrilling local officials and business leaders with plans to invest up to $500 million in a 100,000-vehicle a year production facility. The plant will employ up to 2,000 people when production ramps up in 2018.

Challenges

Job creation is shifting from manufacturing toward lower-paying leisure and hospitality and employment services, including temp companies. Real income growth in the Palmetto State consistently lags the national average.

Key Contacts

South Carolina Dept. of Commerce

Robert M. Hitt III, Secretary of Commerce
803-737-0400
1201 Main Street, Suite 1600
Columbia, SC 29201-3200

Info@sccommerce.com
http://sccommerce.com/

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No 8: South Carolina

No. 8

South Carolina

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
Taxation and Regulations
  • State Corporate Income Tax Rate: 5%
  • Highest Personal Income Tax Rate: 7%
Workforce Quality
  • % with High School diploma or more: 83.2
  • % with Bachelor’s degree or more: 23.7
  • % with Advanced degree or more: 8.5
  • Patents per 100K: 11.34
  • % of Employed Represented by Unions: 6.2
Quality of Life
  • Hopsitals per 10K: 0.143
  • Elementary/Secondary Schools per 1000 people: 0.273
  • Violent Crimes per 100K: 725.24
Key Companies
  • Sonoco Products
  • AVX Corporation
  • SCANA Corp.
  • ScanSource
Other Highlights
  • South Carolina rose from #10 in 2010 to #8 in 2011 — the state took #9 in 2009
  • South Carolina ranks 24th in state debt per capita with $3379

Sources:
TaxFoundation.org
Statemaster.com
Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education