Rising two spots from last year, South Carolina has been ranked the second-best state in the nation to do business, according to a national publication's annual report.
Said Area Development magazine about the state, which was edged out by Texas for the top spot:
"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."
Major deals cited by the magazine included:
- Bridgestone Americas announcement to invest $1.2 billion in the expansion of an existing tire plant and the construction of a new manufacturing facility in Aiken County.
- BMW’s $900 million expansion of its plant in Spartanburg County, bringing. BMW’s total investment in the state to nearly $6 billion.
- Michelin North America’s investment of nearly $1 billion in plants in Lexington and Anderson counties, creating 500 jobs.
South Carolina also was ranked No. 2 for overall business climate; No. 3 for infrastructure and global access; and tied for No. 5 in leading in the economic recovery.
“I could say South Carolina’s value is our business-friendly environment or our full service approach to companies big or small, new or existing. And this would be true,” S.C. Commerce Secretary Bobby Hitt told the Columbia Regional Business Report.
“I could say South Carolina is gaining a strong global reputation for being a state of business offering a world of opportunity with industry giants like Continental, Bridgestone, Michelin, BMW and Boeing doing business here. This, too, would be true,” Hitt added. “But the real value South Carolina brings to the table is our solid training programs and dedicated, skilled workforce.”