Business Climate
South Carolina is dedicated to establishing an environment where businesses can prosper. The state has taken necessary steps to further enhance its business-friendly environment. Efforts like tort reform, workers’ comp reform, lowering taxes and expanding healthcare access for small businesses are just a few reasons why South Carolina has been ranked among the top two most business-friendly states for the past three years by the Pollina Corporation. Additionally, the Palmetto State was ranked fifth among the “Most Dynamic States for Entrepreneurs” by Entrepreneur magazine.
South Carolina is free of many regulatory burdens that hamper business conditions. With one of the lowest corporate income taxes in the Southeast and no state property tax, South Carolina is committed to helping businesses compete and succeed and as a result the state has become home to numerous world-class companies. BMW, FUJIFILM Manufacturing U.S.A., Inc., Google, GE, Vought Aircraft Industries, Starbucks, Bosch, and Roche are just a few companies that call South Carolina home.
As a right-to-work state, South Carolina’s workforce has one of the lowest unionization rates and lowest work-stoppage rates in the nation. The state is also committed to furthering the skills of its expanding technical workforce. That is why South Carolina offers a customized worker training program through the state’s technical college system. The worker training program has trained hundreds of thousands of employees in a variety of skill areas and was ranked #4 in the nation by Expansion Management magazine.