Worst To First: How Business-friendly Is Your State?


No. 38: South Carolina

Solution Provider 500 Companies: 2

South Carolina's strength is its business-friendly environment: The state ranks No. 5 in overall taxes and regulations.

The state is ranked No. 25 in labor and business costs. But, the advantage provided by those very competitive labor costs is offset by its high unemployment insurance expenses. And, the state ranks No. 43 in the education and experience levels of its workforce.

South Carolina also suffers from a low quality of life/personal cost of living score that ranks it No. 49, ahead of only Arkansas among all 50 states. That's due to a relatively high personal income tax and a high crime rate.

South Carolina has three solution providers on the Next-Gen 250 list, two on the Tech Elite 250, and one on the Fast Growth 100 and 50 Up-And-Comers list.