America's Top States For Business

24. South Carolina

Category Score 2014 Rank 2013 Rank
Cost of Doing Business32298
Workforce146259
Quality of Life984041
Infrastructure & Transportation2201415
Economy2551335
Education494336
Technology & Innovation1183026
Business Friendliness743434
Cost of Living411019
Access to Capital541 (Tie)19
Overall13282423

Economic Profile

Governor: Nikki Haley, Republican

Population: 4,774,839

GDP growth: 1.2 percent

Unemployment rate (May 2014): 5.3 percent

Top corporate tax rate: 5 percent

Top individual income tax rate: 7 percent

Gasoline tax: 35 cents/gallon

Bond rating/outlook: Aaa/stable

Major private employer: Wal-Mart

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, South Carolina FY 2013 CAFR

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