Incentives Designed to support business growth
The right incentives can help turn a strong project into a stronger long-term investment. South Carolina offers tax credits, exemptions, workforce programs and other tools that can help qualifying companies reduce costs, create jobs, invest in operations and build their workforce. Eligibility and program requirements vary by incentive.
Find incentive programs for your project
5-year property tax abatement
Qualifying manufacturers, research and development facilities, distribution facilities and corporate headquarters operations may receive a five-year exemption from county operating property taxes on eligible investments.
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.
Agricultural equipment tax credit
Qualifying businesses may receive a tax credit for certain conservation tillage equipment, drip or trickle irrigation systems, and qualifying dual-purpose truck and crane equipment.
Agricultural products purchase credit
Agribusiness operations that increase purchases of agricultural products grown in South Carolina may qualify for an income tax credit or withholding tax credit.
Alternative fuel property credit
Eligible property or facilities placed in service before January 1, 2026 may qualify for a tax credit for alternative fuel distribution, dispensing or storage.
Alternative motor vehicle credit
South Carolina provides a state tax credit for certain qualifying alternative motor vehicles based on provisions of the former federal Alternative Motor Vehicle Credit. All-electric and plug-in hybrid vehicles do not qualify.
Apprenticeship Carolina™
Develop a long-term talent pipeline through registered apprenticeship programs that combine paid, on-the-job learning with job-related education. No-cost program development assistance and state tax credits may be available to qualifying employers.
Closing fund
South Carolina’s Closing Fund provides flexible discretionary grant funding for qualifying high-impact economic development projects when additional assistance may be needed to support a company’s decision to locate or expand in the state.
Corporate headquarters tax credit
Qualifying companies establishing or expanding a corporate headquarters in South Carolina may receive a credit equal to 20% of certain eligible headquarters facility, lease and equipment costs.
Take a closer look at business incentives
Download our Incentives Guide
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Take a closer look at business incentives
Our Incentives Guide provides additional information on key programs, eligibility requirements and how incentives may apply to a project.
Not sure which incentives fit your project?
Every project is different. SC Commerce can help companies understand which incentives may apply based on factors such as investment, job creation, workforce needs and site development requirements.
Connect with an incentives expert
