South Carolina named a “Best State for Business,” ranking 5th out of 50 in Chief Executive magazine’s Annual CEO “Best & Worst States for Business 2014” Survey
Texas ranked No. 1; Florida, Tennessee and North Carolina round out the top five
FOR IMMEDIATE RELEASE – GREENWICH, CT, May 8, 2014 – CEOs rated South Carolina 5th out of 50, as a ‘best’ state in which to do business, up from 8th last year, according to Chief Executive magazine’s annual Best & Worst States for Business survey, released today.
TheBest & Worst States Survey gauges the sentiment of CEOs on a variety of measures that they themselves have viewed as critical. These include the tax and regulatory regime, the quality of the workforce, and the quality of the living environment. Five hundred CEOs participated in the 2014 survey. The rankings are crucial, as CEO sentiment drives investments in offices, factories and other facilities that bring jobs to a region.
“South Carolina and Texas seem to be very pro-business, a good environment to start or bring a business to,” one CEO responded. Another pointed out that South Carolina “has attracted very heavy foreign investment … and a rapidly growing aerospace sector.” In addition, South Carolina boosted highway infrastructure without penalizing business.
By improving South Carolina’s business-friendly climate and developing the skills of our workforce, companies like Boeing, BMW, Bridgestone, Continental and Michelin have made large investments or greatly expanded their presence in South Carolina, Gov. Nikki Hawley told Chief Executive magazine in February (in response to last year’s ranking). “These investments have helped advance our state’s manufacturing renaissance, and generated interest from companies around the globe.”
“This is South Carolina’s first time in the top 5 in the 10 years we’ve been creating the Best & Worst States for Business ranking,” said Marshall Cooper, CEO of Chief Executive magazine and ChiefExecutive.net. “Their efforts to create a positive business economy are definitely producing results.”
For complete results, including individual state rankings on multiple criteria, CEO comments, methodology and more, visit http://chiefexecutive.net/2014-best-worst-states-for-business.
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