Strong Business and Labor Climate Propels South Carolina to Number Two Overall
South Carolina is on a roll - the Palmetto State
brought in a total investment of $3.37 billion from
new and expanding businesses in 2011.
Manufacturing is also on the mend, with total
exports up by 21 percent last year. These are just
some of the reasons South Carolina was ranked second
by the consultants among the Top States for
Doing Business, up from fourth place in 2011.
Area Development Special Presentation (Fall 2012)
Full Results: 2012 Top States for
The consultants also ranked South Carolina second
for its overall business environment and overall
labor climate (tied) because of its competitive labor
costs and leading work force development programs.
This is a result of the state's pro-active approach to
building a ready and willing work force that provides
the advanced skill sets companies need for their new
operations. ReadySC, South Carolina's work force
development program, has trained more than
250,000 workers for nearly 2,000 companies.
Doing Business Survey
2. South Carolina
5. North Carolina
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"It's important that we have people who have the
ability to perform high-technology work and who are
willing to continue to learn," says Marco Cavazzoni,
vice president and general manager of final assembly
and delivery for Boeing Commercial Airplanes in
North Charleston. "This is an environment where
everyone rallies for a common cause, and people
here are aligned with the very high goals we have set
for this facility."
Nearly $5 billion in investment and 13,190 new
jobs helped drive South Carolina's manufacturing
sector in 2011. Automotive-related manufacturing
saw more than $2.7 billion in capital investment and
nearly 4,700 new jobs. In September 2011,
Bridgestone Americas announced it would invest
$1.2 billion in a new manufacturing facility and
expansion in Aiken County. This project will add
more than 850 jobs and is the largest single initial
capital investment in the state's history. Another
sizeable automotive project is BMW's $900 million
expansion of its plant in Spartanburg County, bringing
BMW's total investment in the state to nearly $6
billion. In addition, Michelin North America has
invested nearly $1 billion in its South Carolina operations
over the last year, creating over 500 jobs.
Michelin has also been an active partner in deepening
the Charleston Harbor to accommodate the
new, larger cargo vessels. "It's a tribute to the productivity
of our employees and the pro-business
environment in South Carolina that Michelin continues
to expand in the state where we first began manufacturing
in the United States," adds Michelin
President Pete Selleck.
It's no wonder than that South Carolina ranked
third for its overall infrastructure and global access
among the Top States for Doing Business.