America's Top States For Business 2013

#23 South Carolina

Columbia, South Carolina
James Robinson | E+ | Getty Images
Columbia, South Carolina
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


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)


  • Scott Cohn develops in-depth features, special reports and documentaries for CNBC and CNBC.com.

From the Governors


  • 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.

  • 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.

  • 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.