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Incentives

Doing business is more rewarding in every way in the SCA Region.

“South Carolina is a perennial leader in incentives.”

— AreaDevelopment 2020

ZERO IN FOR LOWER TAXES

0

State property tax
Local income tax
Inventory tax

0

Sales tax on manufacturing machinery, industrial power or materials for finished products

0

Wholesale tax
Unitary tax on worldwide profits

ELEVATE PROFITS WITH MAXIMUM JOBS TAX CREDITS

SCA offers South Carolina’s maximum Tier tax credits to both expanding and new companies. Applied against corporate income taxes, this valuable credit can eliminate 50% of a company’s liability.

  • Tier I - $1,500
  • Tier II - $2,750
  • Tier III - $20,000
  • Tier IV - $25,000

$25000

Tax credit per job for qualified project in Tier IV county

$20,000

Tax credit per job for qualified project in Tier III county

ZERO IN FOR LOWER TAXES

  • readySCTM
    Provides no-cost customized training that has helped leading domestic and global companies take root and flourish in SC. 
  • Apprenticeship CarolinaTM
    Flexible, employer-sponsored on-the-job training

Companies Choosing readySC and Apprenticeship Carolina