South Carolina ranks 10th in Chief Executive magazine’s 11th annual “Best and Worst States for Business” survey, falling five places from the survey results in 2014. The annual survey is completed by over 500 CEOs across the nation, ranking states in three categories: taxes and regulations, workforce quality, and living environment.
Although South Carolina was not ranked as highly as last year, the survey demonstrated very promising information. South Carolina received 4 out of 5 stars for its living environment, while earning 3 ½ stars each for taxes and regulations and workforce quality. South Carolina earned its top ten ranking due to its, “educated workforce, low business regulation, and favorable weather conditions that result in continued growth in its manufacturing sector.”
Texas earned the top spot for the consecutive year while other southeastern states remained in the top five, including Florida, North Carolina, and Tennessee. The rankings are encouraging for the southeast and demonstrate that South Carolina remains well-positioned to attract new corporations to the area.
Read the rankings and information specific to each state here.