Top States For Business

29. South Carolina

Category Score 2015 Rank 2014 Rank
Workforce2272225
Cost of Doing Business203229
Infrastructure21414 (Tie)14
Economy2071813
Quality of Life1223840
Technology & Innovation1003530
Education813943
Business Friendliness553434
Cost of Living452110
Access to Capital2031 (Tie)41
Overall12742924

Economic Profile

Governor: Nikki Haley, Republican

Population: 4,832,482

GDP growth: 2.2 percent

Unemployment rate (May 2015): 6.8 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: Bi-Lo, Inc.

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 2014 CAFR

FULL LIST: 2015 TOP STATES FOR BUSINESS

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