South Carolina is frequently recognized by publications and organizations as one of the most business-friendly states. See What People Are Saying About The Palmetto State:
Area Development: Area Development named South Carolina a 2013 Silver Shovel Award winner in recognition of economic development projects undertaken in 2012. This is the fifth year in a row that South Carolina has received a Gold or Silver Shovel Award in its population category. South Carolina was a Gold Shovel Award recipient in 2012 and 2011 and a Silver Shovel Award recipient in 2010 and 2009. Source: Area Development, June 2013.
Area Development: Named South Carolina's Continental Tire the Americas LLC project as "Project of the Year." In October 2011, Continental Tire announced plans to build a new tire manufacturing plant in Sumter County as well as expand its corporate headquarters in Lancaster County. The company committed to invest $500 million and create 1,700 josb in the state.
Area Development: Named South Carolina 2nd in the nation on its Top States for Doing Business list based on 14 key site selection criteria. The magazine surveyed a select group of national site consultants to identify the 10 most attractive states for business. In other overall rankings, South Carolina came in 2nd for business environment and labor climate, 3rd for infrastructure and global access and 5th for economic recovery. In subcategories, South Carolina was the consultants' top choice for certified shovel-ready sites and competitive utility rates and 2nd for workforce development programs, competitive labor costs, cooperative state government and speed of getting permits. South Carolina's cost of doing business and incentive programs ranked 3rd and its corporate tax environment tied for 5th.
Business Facilities: South Carolina did exceptionally well on the latest 2013 State Rankings Report from Business Facilities magazine, placing in five categories. South Carolina ranked 8th for Business Climate, 7th for Lowest Cost of Labor, 3rd as Nuclear Power Leaders, 7th in Automotive Manufacturing Strength and 10th as Automotive Parts Supplier Leaders.
Business Facilities: South Carolina was named runner-up for the 2012 State of the Year designation. Bridgestone Americas' 2012 billion off-road radial tire plant in Aiken County also received an honorable mention in the magazine's 2012 Economic Development Deal of the Year competition. The Bridgestone project marked the largest single initial capital investment in state history and involved transplanting technology that had been used exclusively in Bridgestone's facilities in Japan. In 2009, South Carolina received the magazine’s Deal of the Year Gold Award for the selection of North Charleston for the site of The Boeing Company’s second final assembly plant for the 787 Dreamliner commercial airplane.
Chief Executive: South Carolina came in as one of the ten best states for business on Chief Executive magazine’s annual poll of CEOs, ranking 8th. About 650 business leaders rated states on taxation and regulation, workforce quality and quality of life. Source: Chief Executive, May 2013.
Forbes: Ranks South Carolina's regulatory environment 5th best in the nation for business. The 2012 ranking is based on the state's labor regulations, health insurance coverage mandates, the tort system, tax incentives and other measures.
IBM: South Carolina's attraction for foreign investors was underscored in IBM’s 2012 Global Location Trends Annual Report. South Carolina came in 1st in the nation for jobs through foreign investment during 2011.
Site Selection: South Carolina consistently ranks high on the magazine's "Top State Business Climates" and in 2012 took the 9th spot overall and placed 5th in the magazine's survey of corporate real estate executives. Corporate executives have ranked South Carolina in the top 10 for the past nine years. The magazine's New Plant Database showed that South Carolina had the 3rd most new projects between January and August 2012.
Site Selection: The magazine chose the Continental Tire the Americas project in Sumter County as one of its Top Deals of 2011. The winners were chosen based on capital investment and job creation, creative negotiations and incentives, regional economic impact, competition for the project and speed to market.
Southern Business & Development: The announcement by Continental Tire the Americas LLC that will bring 1,600 new jobs and invest $500 million in a tire manufacturing plant in Sumter County was a Top Ten Deal for 2011. South Carolina also placed 5th in SB&D-qualified projects per capita among the 15 states in the magazine’s southern coverage. This earned South Carolina an honorable mention in the State of the Year category.
Trade & Industry Development: Trade & Industry Development magazine selected two South Carolina companies, BMW Manufacturing Co. and Michelin North America, among the winners of a 2013 Corporate Investment & Community Impact (CiCi) Award for projects undertaken during 2012. The CiCi Award recognizes both the companies making investments in the community and the economic developers responsible for securing the investments. This is the eighth consecutive year that South Carolina economic development projects have received a CiCi Award. Source: Trade & Industry Development, March/April 2013.