South Carolina has moved up a spot to No. 6 in Site Selection’s business climate rankings — though site selectors still perceive the Palmetto State as second-best in the country.
Georgia continued its string of No. 1 rankings, according to the magazine, followed by North Carolina, Texas, Ohio and Tennessee. South Carolina was tied with Alabama at the sixth spot.
The No. 2 rating came in the executive survey, which counts for 50% of a state’s overall score. In the survey, corporate site selectors are asked to rank the states based on their recent experience of locating facilities in them. South Carolina again followed Texas in that category.
Aside from the executive survey ranking, South Carolina’s top marks came for new plants per capita for 2017. The state was No. 8 in that category, up from 13th place in the 2016 rankings. Site Selection uses the Conway Projects Database for its list, basing its rankings on the executive survey and seven other criteria. The state’s rankings in all categories were:
- Executive survey: 2
- Competitiveness (now called Prosperity Cup ranking): 11
- Total facility locations and expansion projects in 2016: 18
- Total projects in 2016 per capita: 13
- Total 2017 projects year to date: 14
- Total 2017 projects year to date per capita: 8
- State tax burden on mature firms: 32
- State tax burden on new firms: 34