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South Carolina Incentives and Workforce Development Guide

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For a list of South Carolina economic development agencies that can help with the site selection process, visit our Online Site Seekers’ Guide. This formula is advantageous for a company whose majority of sales occurs outside South Carolina. A negotiated FILOT could lower the assessment ratio from 10.5%

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South Carolina Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

The updated South Carolina incentives guide is brought to you by Real Street Expo , a new event sponsored by Business Facilities and Today’s Facility Manager magazines. For a list of South Carolina economic development agencies that can help with the site selection process, visit our Online Site Seekers’ Guide.

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FEATURE STORY: 2013 Economic Development Awards

Buisness Facilities Contributed Content

Rochester partnered with the Dukakis Center for Urban and Regional Planning at Northeastern University to complete a competitive analysis focused on infrastructure, local policy, planning and other factors established by NAIOP. The City has two HUB Zones through SBA, and is a New Market Tax Credits eligible community.

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State by State Incentives Guide

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Alabama Infrastructure Grant Program: Funds are available to public entities for extension of water, sewer and road facilities to service new or expanding industries. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability.

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STATE INCENTIVES GUIDE

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It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years. ALABAMA INFRASTRUCTURE GRANT PROGRAM: Funds are available for extension of water, sewer and road facilities.

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