South Carolina Makes the Top 10 List as CEOs Rank the Southern State the 10th Best State for Business
Greenwich, Conn., May 7, 2015/PRNewswire/ -- Chief executives have shown that they favor pro-growth, low-tax states by ranking South Carolina as the 10th best state for doing business in Chief Executive magazine’s annual “Best and Worst States for Business” survey.
In the annual survey, completed by 511 U.S. CEOs, states are measured across three categories to achieve their overall ranking: Taxes and regulations, quality of the workforce, and living environment, which includes such considerations as quality of education, cost of living, affordable housing, social amenities and crime rates.
“Greenville, South Carolina is outstanding in its location for workforce access, quality of life and logistical access via Interstate and overseas containers coming through Charleston into the U.S.,” one CEO reports.
South Carolina offers a highly educated workforce, low business regulation, and favorable weather that result in continued growth in its manufacturing sector.
Finally, one CEO states, “South Carolina has made great strides in automotive, aerospace, and advanced materials.”
State governments use the survey results to help determine how to improve the regulatory environment to attract more businesses, while corporations use the data to decide where to build facilities and attract a vibrant workforce.
With their ocean ports and other strong transportation options, 7 of 10 Southeast states ranked in the top 15, while 8 finished in the top 25:
3 North Carolina
10 South Carolina
In addition to CEO ratings on taxation and regulation, workforce quality, and living environment, the survey also provides data on state GDP, unemployment rate, domestic migration, and state/local tax burden.
For complete results, including individual state rankings on multiple criteria, CEO comments, methodology and more, please visit http://chiefexecutive.net/best-worst-states-business/2015/.
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