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America's Top States For Business 2013

#23 South Carolina

Columbia, South Carolina
James Robinson | E+ | Getty Images
Columbia, South Carolina
Category
Score
2013 Rank
2012 Rank
Cost of Doing Business 311 8 22
Workforce 198 9 15
Quality of Life 106 41 41
Infrastructure & Transportation 210 15 21
Economy 195 35 25
Education 64 36 46
Technology & Innovation 141 26 26
Business Friendliness 74 34 35
Cost of Living 32 19 24
Access to Capital 16 19 30
Overall 1347 23 32

ECONOMIC PROFILE

Governor: Nikki Haley (R)

Population: 4,723,723

GDP growth: 2.7 percent

Unemployment rate (May 2013): 8.0 percent

Top corporate rate: 5 percent

Top individual tax rate: 7 percent

Gasoline tax: 16.8 cents/gallon

Bond rating/outlook: Aaa/Stable

Major private employers: Greenville Memorial Hospital, BMW Manufacturing Co., Palmetto Health Richland, McLeod Regional Medical Center, Spartanburg Regional Medical Center, Baldor Dodge Reliance, Oreck, Piggly Wiggly, St. Francis Hospital, Women's & Children's Hospital

Economic profile sources: American Petroleum Institute (April 2013), Bureau of Economic Analysis (2012), Bureau of Labor Statistics (May 2013 release), CareerOneStop, Moody's Investors Service (senior-most tax-backed ratings), National Governors Association, Tax Foundation (2013), U.S. Census Bureau (2012 estimate)

Top States For Business 2013

From the Governors

Video

  • South Dakota, More Than Just Gorgeous Views

    South Dakota is the winner of the annual "America's Top States for Business" study. CNBC's Scott Cohn reports on the state's economy and its stunning views.

  • Ranking America's Workforces

    CNBC's Scott Cohn reveals how other states fared when it came to their workforce, including a look at education level, retraining programs and union membership.

  • Why South Dakota is Top State for Business

    The cost of doing business was one of the key reasons the Mount Rushmore State captured the top ranking as the best state for business, reports CNBC's Scott Cohn.