America's Top States for Business 2017

29. South Carolina

George Kavallines | CNBC
Category Score 2017 Rank 2016 Rank
Workforce2842320
Infrastructure17430 (Tie)21 (Tie)
Cost of Doing Business2181619 (Tie)
Economy19115 (Tie)24
Quality of Life1283631
Technology & Innovation913532
Education7140 (Tie)42
Business Friendliness702927 (Tie)
Access to Capital432829
Cost of Living222919
[[link#104545209#Overall]]129229[[link#103602771#27]]

Economic Profile

Governor: Henry McMaster, Republican

Population: 4,961,119

GDP growth (Q4 2016): 1.4 percent

Unemployment rate (May 2017): 4.1 percent

Top corporate tax rate: 5 percent

Top individual income tax rate: 7 percent

Gasoline tax: 16.75 cents/gallon

Bond rating/outlook (Moody's, S&P): Aaa, 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

America's Top States for Business 2017
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