South Carolina Ranked #1 for Best State for Manufacturing in the U.S. in 2023

South Carolina has been ranked as the best state for manufacturing in 2023 for the second consecutive year by Site Selection Group, LLC.

The ranking is based on factors such as workforce alignment, operating costs and geographic positioning, with South Carolina scoring ahead of North Carolina and Tennessee.

Click Here for Full Report: https://loom.ly/Ty4sKEc

Weighting system

CategoryWeightingKey Variables
Workforce & Market Alignment50%Labor Scalability (Population, Workforce, Growth, Unemployment)Target Demographics (Age, Income, Education, Socio-Economic Status aligned with Manufacturing)Target Occupational Presence (Presence of Target Occupational Clusters, focusing on Production, Logistics, Maintenance and Engineering Requirements)Target Occupational Demand (Competition and Hiring Pressure)Organized Labor Climate
 Operating Costs25%Wage/Salary Levels for Target Occupational RequirementsBroader Coast of Living and Income MetricsTax ClimateUtility CostsReal Estate Costs
Geographic Positioning25%General Population/Consumer Access (This factor can be very client-specific)Modal Access (Air, Port, Rail, Intermodal)

Top 10 States

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