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 2014 Gold Shovel award winner in recognition of economic development projects undertaken in 2013. This is the sixth 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 2013, 2010 and 2009. Source: Area Development, June 2014.
WalletHub: South Carolina is the best state in the Southeast to be A taxpayer. A study released by Wallet Hub detailed the best and worst states to be a taxpayer in 2015. The study was conducted by using analysis of state and local taxes compared to national averages. Researchers took into account the burden of each state’s real estate tax, vehicle property tax, income tax, and sales and excise tax to draw its conclusions. Its findings concluded that South Carolina is, overall, the best state in the Southeast and the 8th best state in the nation to be a taxpayer.
Area Development: Named South Carolina's Boeing, project as the 2014 "Project of the Year". In April 2013, Boeing announced plans to expand it's manufacturing plant in Charleston County. The company committed to invest $1 billion and create 2,000 jobs in the state.
Area Development: Ranked South Carolina third for the Top State to do Business in 2014. The Top States for Doing Business list is 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 1st for labor climate and cost of doing business, 2nd for labor costs, incentives, certified/shovel ready sites and cooperative government. South Carolina's utility rates, speed of permitting and workforce development ranked 3rd and access to capita and regulatory environment ranked 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 three South Carolina companies, Boeing, Google and Colgate Palmolive among the winners of a 2014 Corporate Investment & Community Impact (CiCi) Award for projects undertaken during 2013. The CiCi Award recognizes both the companies making investments in the community and the economic developers responsible for securing the investments. This is the ninth consecutive year that South Carolina economic development projects have received a CiCi Award. Source: Trade & Industry Development, March/April 2014.