America's Top States for Business 2019

34. South Carolina

Viktorcvetkovic | iStock | Getty Images
Category Score 2019 Rank 2018 Rank Grade
Workforce2382821C-
Economy2202217B-
Infrastructure1693035C
Cost of Doing Business2002417B+
Quality of Life1174142F
Education872926C
Technology & Innovation773231D+
Business Friendliness683528D+
Access to Capital362628C
Cost of Living252627C
[[link#105843737#Overall]]12373430-

Economic Profile

Governor: Henry McMaster, Republican

Population: 5,084,127

GDP growth (Q4 2018): 1.6%

Unemployment rate (May 2019): 3.5%

Top corporate tax rate: 5%

Top individual income tax rate: 7%

Gasoline tax: 20.75 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

America's Top States for Business in 2019
Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.