Please enter a search term to begin your search.
• Population (2008): 4,479,800
• Largest Cities (2008): Columbia, 127,029; Charleston, 111,978; North Charleston, 94,407; Rock Hill, 67,339;
Mount Pleasant, 65,472
• Targeted Industries: Chemicals, Plastics, Automotive, Hydrogen Technology, Advanced Security,
Aerospace/Aviation
• Key Incentives:
Job Tax Credit, Single Factor Sales Apportionment, Sales Tax Exemption, Pre-Job Training
• GDP (All Industry 2008):
$156.3 billion*
*Bureau of Economic Analysis, U.S. Department of Commerce
South Carolina's Center for Accelerated Training (CATT) recruits, screens, tests and trains workers to meet the needs of new and expanding industry at virtually no cost to the company. This is a state-funded program that imposes no quotas on industry.
Job Development Tax Credits are a discretionary incentive that can provide companies paying above per capita income levels in a community with a partial rebate of new employees' withholding taxes for a period of 10 years. Qualifying companies creating a substantial number of new jobs and new investments can apply to the South Carolina Coordinating Council for Economic Development for approval. The amount the company can collect depends upon the wages paid and the company's location. Companies applying in the state's highest unemployment areas may be approved for 15 years.
Fee-in-lieu of Property Taxes allows companies to negotiate a long-term property tax arrangement with the county in which it locates. The agreement, which lowers the assessment ratio and slows any growth in tax rates, provides companies with a predictable tax bill for up to 20 years.
Explore detailed community demographic information at ZoomProspector.com
Southern Innovation in the Carolinas
New South Lumber Co. Expanding
Medical Plastics: Getting Bigger As Boomers Get Older
2009 Business Facilities Rankings Report
Roche Completes $60-million SC Expansion
The Carolinas Are Ready for Your Business
Aging Population Spurs Demand For Medical Plastics
Volatility Creates Opportunity For Innovation
