South Carolina Site development incentives
South Carolina offers incentives and funding resources that can help companies prepare sites, address infrastructure needs and reduce the cost of major development projects.
From infrastructure grants and redevelopment credits to negotiated property tax agreements and construction-related exemptions, these programs can help improve site readiness, lower project costs and strengthen the long-term economics of a location.
Find site development incentives for your project
Abandoned buildings revitalization credit
South Carolina offers incentives to support the revitalization of vacant buildings. Businesses that invest in qualifying properties may be eligible for a tax credit equal to 25% of rehabilitation expenses.
Discretionary grants
Discretionary grant funding supports economic development projects such as road improvements, water and sewer infrastructure and other infrastructure needs related to economic development projects.
Economic development set-aside program
South Carolina’s Economic Development Set-Aside Program provides discretionary grant funding to help address infrastructure, site and real property needs associated with qualifying business location and expansion projects.
Fee-in-Lieu of property taxes (FILOT)
With a FILOT agreement, a company making substantial capital investments in South Carolina can negotiate reduced property tax obligations for a defined period.
Large project sales tax exemptions
Qualifying large-scale projects may receive sales and use tax exemptions for certain material-handling equipment, construction materials or technology-intensive equipment and related purchases.
Rural infrastructure fund
South Carolina’s Rural Infrastructure Fund (RIF) provides grant funding to eligible local governments in rural areas for infrastructure and other economic development projects that support business growth and site readiness.
Super FILOT
To encourage substantial capital investments, SC allows qualifying companies to negotiate an even lower property tax assessment rate than is available under a standard FILOT agreement.
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.
“There’s access to state and local officials readily available. There’s never been a time we have reached out, that we weren’t able to have the right discussions at the right time to make sure we were all operating together and have the right support system.”
Melanie McLane Director of Human Resources | Arthrex Manufacturing
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