An abundant workforce can help your business flourish in the Palmetto State, but quality of life needs attention.
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South Carolina Score and Ranking
| Category | 2021 Score | 2021 Rank | 2019 Rank | 2021 Grade |
|---|---|---|---|---|
| Cost of Doing Business | 203 | 31 | 24 | C+ |
| Infrastructure | 172 | 36 | 30 | C- |
| Life, Health & Inclusion | 137 | 39 | -- | D- |
| Workforce | 197 | 16 | 28 | B- |
| Economy | 144 | 21 | 22 | B- |
| Business Friendliness | 100 | 27 | 35 | C+ |
| Access to Capital | 73 | 30 | 26 | D+ |
| Technology & Innovation | 72 | 36 | 32 | D+ |
| Education | 69 | 36 | 29 | D+ |
| Cost of Living | 44 | 22 | 26 | C+ |
| Overall | 1211 | 39 | 34 | -- |
Economic Profile
Governor: Henry McMaster, Republican
Population: 5,218,040
GDP growth (Q1 2021): 6.6%
Unemployment rate (May 2021): 4.6%
Top corporate tax rate: 5%
Top individual income tax rate: 7%
Gasoline tax: 24.75 cents/gallon
Bond rating (Moody's/S&P): Aaa, stable/AA+, stable
Major private employers: Bi-Lo, SCANA
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
