South Carolina Investment incentives
South Carolina offers a range of incentives designed to support capital investment, advanced manufacturing, research and development, energy innovation, agriculture and large-scale business growth. From sales and use tax exemptions to investment and income tax credits, these programs can help companies reduce costs and support long-term growth.
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Solar energy system credit
Companies that purchase and install a solar energy system may be eligible for a tax credit equal to 25% of qualifying system costs, subject to certain limitations.
State Trade Expansion Program (STEP)
Through the State Trade Expansion Program (STEP), qualifying small businesses can be reimbursed for export initiatives such as marketing, trade shows and training.
Textiles rehabilitation credit
Companies that improve, renovate or redevelop abandoned textile mill sites in SC may be eligible for a tax credit equal to 25% of rehabilitation expenses.
“One of the advantages of being in SC is working and growing with the local supply base. These suppliers are making investments, they are adding new technologies, they are bringing in continuous improvements in terms of resources allowing us all to grow together.”
Kyle Hamm SVP Power Systems Supply Chain for North America | Schneider Electric
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