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In South Carolina, you can expect a strong, pro-business climate offering low start-up and operating costs, a nationally acclaimed work force training program and affordable living. These are just a few advantages that make doing business in South Carolina so appealing.

NOTE: all the links below are to information presented on other Web sites. Progress Energy is not responsible for the accuracy of content at those sites.

Business Environment

  • Ranked first among 17 Southeastern states in per capita investment
  • An $18 million annual fund for highway construction and improvements for economic development purposes.
  • Tax increment financing for redevelopment projects.

Low Business Costs

  • Low 5.5 percent corporate income tax rate.
  • Jobs Tax Credits - significant income tax reductions based on job creation.
  • No local corporate income tax.
  • No state property tax.
  • No tax on inventories, intangibles or pollution-control equipment.
  • No sales tax on electricity and fuels used in manufacturing.
  • No sales tax on production machinery & equipment.
  • No sales tax on raw materials.
  • Property tax reductions through five-year abatement Fee-in-Lieu of Taxes Programs.
  • Substantial cash contributions from the State of South Carolina through Job Development Credits to reimburse the company for approved project expenditures.
  • Lowest Workers' Compensation rates in the nation.
  • Construction costs that rank among the lowest in the nation.

Transportation

  • Within a two day drive of nearly 75 percent of U.S. population.
  • Five interstates - 95, 20, 26, 77 and 85.
  • Seven major airports, three Atlantic seaports and a 2,500-mile rail network.
  • Port of Charleston - second busiest container port on the East Coast.

Labor

  • ReadySC - the nation's top ranked work force training program.
  • Low 2.1 percent unionization rate.
  • A "right to work" and "employment at will" state.
  • Sixteen technical colleges that graduate more than 9,000 people each year.

Quality of Life

  • Recreational opportunities extend from 200 miles of beach to the rolling foothills of the Piedmont.
  • A rich cultural heritage is celebrated with art museums, opera houses, theatre, ballet, symphony, Spoleto and other folk festivals.
  • Sporting activities and events include top-level collegiate sports, steeplechase, polo, NASCAR, golf, fishing and hunting.
  • South Carolina has over 400 golf courses and the moderate weather to play all year.
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