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Why Choose S.C.

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

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Location advantages

Low business costs

  • Low 5 percent corporate income tax rate and no local corporate income tax. 
  • Jobs Tax Credit significant income tax reductions based on job creation.
  • 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 or raw materials.
  • Property tax reductions through five-year abatement Fee-in-Lieu of Taxes Programs.
  • Job Development Credit discretionary, performance-based company rebate for approved project expenditures.

  • Construction costs that rank among the lowest in the nation.

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.
  • Lowest Workers' Compensation rates 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 workforce 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, theater, 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.

Accolades

  • S.C. Dept. of Commerce earned 2nd place Silver Award in Business Facilities 2011 Economic Development Deal of the Year competition for recruiting Continental Tire America, January 2012
  • No. 5 Best Business Climate, Site Selection, November 2011
  • No. 5 Best Pro-Business Regulatory Environment, Forbes 2011 Best States for Business, November 2011
  • No. 3 Best State for Business, Development Counsellors International executive

Go To: NC - FL

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