The Palmetto Insider

The blog of the South Carolina Policy Council

More status quo: SC performs poorly in Forbes ranking

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Yesterday, we wrote about South Carolina ranking 41st in terms of state legislative competitiveness.

In what is sadly becoming “another day at the office,” South Carolina finished 34th in a Forbes magazine ranking of the best states for business and careers.

That ranking is an 9-spot plummet from last year’s 25th overall placement.

The rankings use six different metrics to create their rankings: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life.

This year, the lowest ranking category for South Carolina comes from the “Quality of Life” category, where the Palmetto State is 45th.

Meanwhile, our neighbor to the north — North Carolina — ranked 3rd overall.

Last month The Nerve reported that South Carolina paid one magazine thousands of dollars for advertisements — right before they released new rankings that showed South Carolina performed well in business climate.

Personally, I prefer rankings where the bias is not exposed through donations and advertisements.

While rankings should be taken with a grain of salt, one wonders how many times South Carolina performs poorly before the status quo changes.

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Written by SC Policy Council

October 15, 2010 at 10:09 am

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