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S.C. breaks top 5 in CEO ranking of best states for business

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South Carolina is ranked as the No. 4 state for business in Chief Executive magazine’s 13th annual Best and Worst States for Business survey. The state advanced three places from last year, moving back into the top five for the first time since 2014.

According to a news release, South Carolina has consistently ranked in the top 10 in recent years, and the No. 4 ranking is the state’s highest since the survey’s inception. The Chief Executive rankings reflect CEO perceptions of best and worst states based on a range of key measures.

In addition to the overall state rankings, Chief Executive’s 2017 Best and Worst States for Business survey also presents individual category rankings, including workforce, taxes/regulation, living environment and best communication of business incentives. Additionally, states were ranked by major industry, including health care, technology, financial services and retail, among others, according to the release.

South Carolina’s rankings in key categories include:

  • Living environment: No. 6
  • Taxes and regulation: No. 9
  • Workforce quality: No. 19

Texas, Florida and North Carolina ranked ahead of South Carolina.

In state rankings by industry, South Carolina fared well in manufacturing, where it was ranked No. 3, and in technology (No. 5), financial services (No. 6) and retail (No. 10).

“The annual Best and Worst States survey is a key component of South Carolina's ability to attract new jobs,” said Marshall Cooper, CEO of Chief Executive Group, in the release. Chief Executive Group has conducted the survey for the last 13 years. “The rankings capture current CEO perceptions of South Carolina’s business climate, and are a good gauge of the state’s ability to attract and retain business investment.” 

This year, more than 500 CEOs participated in the survey, the release said.

Chief Executive Best & Worst States for Business

Best 10 States

Worst 10 States

1.      Texas

50. California

2.      Florida

49.  New York

3.      North Carolina

48.  Illinois

4.      South Carolina

47.  New Jersey

5.      Indiana     

46.  Connecticut

6.      Nevada

45.  Massachusetts

7.      Tennessee

44.  Oregon

8.      Georgia

43.  Hawaii

9.      Arizona

42.  Rhode Island

10.  Wisconsin

41.  Maryland

Source: Chief Executive magazine

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