Top States For Business

27. South Carolina

Source: George Kavallines
Category Score 2016 Rank 2015 Rank
Workforce2222022
Cost of Doing Business21219 (Tie)22
Infrastructure19221 (Tie)14 (Tie)
Economy1822418
Quality of Life1563138
Technology & Innovation1063235
Education774239
Business Friendliness6527 (Tie)34
Cost of Living481921
Access to Capital222931 (Tie)
Overall12822729

Economic Profile

Governor: Nikki Haley, Republican

Population: 4,896,146

GDP growth: 1.9 percent

Unemployment rate (May 2016): 5.6 percent

Top corporate tax rate: 5 percent

Top individual income tax rate: 7 percent

Gasoline tax: 35.15 cents/gallon

Bond rating/outlook: Aaa, 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, Moody's Investor Service, S&P Global Market Intelligence

America's Top States for Business 2016
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