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
Corporate income tax moratorium
Qualifying companies making substantial investments and creating jobs in designated South Carolina counties may receive a moratorium on the corporate income tax attributable to the qualifying investment for 10 or 15 years.
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.
Environmental and pollution control equipment exemptions
Qualifying machinery and equipment used to control pollution may be exempt from state and applicable local sales and use taxes when statutory requirements are met.
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.
Incumbent Worker Training (IWT)
Offset the cost of training existing employees when new technologies, retooling, new product lines or other business changes require new skills.
Investment tax credit
Qualifying manufacturers may receive an income tax credit equal to 0.5% to 2.5% of the cost of eligible manufacturing and productive equipment, depending on the property’s recovery period.
Job development credit
A discretionary, performance-based incentive that allows qualifying companies to use a portion of employee withholding to reimburse approved project costs associated with a new or expanding operation.
Job tax credit
A statutory tax credit available to qualifying new and expanding companies that create and maintain net new full-time jobs in South Carolina. Credit value varies based on the number of jobs created and the county where they are located.
Take a closer look at business incentives
Download our Incentives Guide
Success stories: Built here. Grown here. Thriving here.
Milo’s Tea Company Success story
Learn how Milo’s opened a South Carolina beverage manufacturing facility to support regional retail distribution and encourage continued growth.
Nupi Americas Success story
Learn how Nupi Americas continues to expand plastic fabrication capabilities in rural South Carolina to serve US customers and limit the need to import goods from Italy.
Ritedose Success story
From opening its state-of-the-art sterile “blow-fill-seal” facility to more recent expansion, understand how Ritedose has partnered with SC to become a leading player in the state’s life sciences.
Rolls-Royce Success story
Discover how Rolls-Royce Solutions America’s growth is a win for SC’s strategic priorities, targeting opportunities in advanced energy and manufacturing.
Schneider Electric Success story
Understand why benefits like readySC™ industry-specific training programs, a robust manufacturing workforce and a probusiness economy keep global powerhouse Schneider Electric investing in SC.
Scout Motors Success story
Get a glimpse of the partnership between Scout Motors and SC that transformed the Midlands region with not only industry and 4,000+ jobs, but protected acreage next to the Congaree National Park.
Sonoco Success story
Find out how Sonoco, a local company founded 125 years ago, has grown and expanded to become one of South Carolina’s largest publicly traded businesses.
ZF Gray Court Success story
Discover how a German company established and rapidly expanded a SC facility to serve North America’s automotive industry and produce mobility technologies for tomorrow.
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
