South Carolina Incentives – I77 Alliance

South Carolina:
Where Business Thrives

The I-77 Alliance region is located in the state of South Carolina, which offers a robust suite of corporate incentives designed to help your company flourish.

From tax breaks to workforce development programs, we empower you to succeed. Explore our incentives and discover how South Carolina can fuel your growth.

South Carolina’s Pro-Business Environment

South Carolina Incentives Include:

  • Ways to potentially eliminate your corporate income taxes
  • Sales tax exemptions that reduce start up and operating costs
  • Property tax incentives tailored to meet your company’s needs
  • Discretionary incentives to meet specific needs

Jobs Tax Credits

The Jobs Tax Credit is a valuable financial incentive that rewards new and expanding companies for creating jobs in South Carolina.

Business Qualifications for the Jobs Tax Credit

Must create a monthly average of 10 net new jobs

icon-mfg

Manufacturing + Processing

icon-warehouse

Warehousing + Distribution

icon-microscope

Research + Development

icon-corn

Agribusiness Operations

icon-tech

Technology Intensive

Qualifying Facilities

icon-offices

Corporate Office Facilities

Housing majority of headquarters functions

Qualified service-related facilities must meet the following criteria

Tiers I + II + III

Service facilities must create in a single taxable year a monthly average of:

175

New jobs;

150

New jobs in a building that has been vacant for at least 12 months;

100

New jobs with an average salary 1.5 times the lower of the state or the county per capita income;

50

New jobs with an average salary 2 times the lower of the state or the county per capita income; or

25

New jobs with an average salary 2.5 times the lower of the state or the county per capita income.

Tier IV

Service facilities must create a monthly average of 10 net new jobs to qualify.

Counties are re-ranked every year based on unemployment rates and per capita income, and the ranking of a county may change from year to year.

York Couny

Tier I
$1,500

Lancaster County

Tier I
$1,500

Richland County

Tier II
$2,750

Chester County

Tier III
$20,250

Fairfield County

Tier III
$20,250

This map identifies I-77 Alliance’s counties, their development designations, and the credit amount available per new job for Jobs Tax Credits.