A new poll shows 75 percent of attorneys working with companies in the United States said that a state’s lawsuit climate has a strong impact on the company’s decisions, including where to establish or expand their business, with South Carolina ranking 36 on the list.
The survey, which was published by the U.S. Chamber Institute for Legal Reform (ILR), shows an increase of 18 percent compared to eight years ago. This figure has now reached its all-time high.
South Carolina received a score of 59.4. This means that local residents can anticipate further growth in the economy, which will generate more jobs and more income for the coastal state.
“More business leaders than ever have identified a state’s lawsuit climate as a significant factor in determining their growth and expansion plans,” ILR President Lisa Rickard said. “States ought to take notice that a good lawsuit climate is vital to their continued job growth.”
This is good news for South Carolina, as its economy has been growing along with the new businesses that continue to move into the region.
Some of the largest states, like Illinois and California, have ranked among the worst for company growth and expansion. California is rated 47th and Illinois stands at 48, while Delaware is ranked at the very top of the list.
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