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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. TAX INCENTIVES. million or greater on new buildings and equipment.

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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

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Highlights include the largest industrial spec development lease in the last five years in Broward County. The largest project in the community’s history, the West Haymarket redevelopment project, was sup- ported financially by the Partnership through the passage of a bond issue that will construct a new 16,000-seat arena.

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Feature Story: Shovel-Ready Sites – Fired Up, Ready To Go

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Since its inception in 2008, the program has recognized 47 active AdvantageSite locations in the state after meeting guidelines such as utility and environmental standards, size, zoning and accessibility. acre site is located in the unincorporated part of Chilton County, south of Clanton. million in capital investments. “The

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FEATURE STORY: Racing To Be Ready – U.S. Ports Prepare for Post Panamax Era

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Under a public-private partnership (P3) agreement with Ports America Chesapeake, a 50-foot deep container berth was constructed in 2012. The P3 project is a 50-year agreement between the Maryland Port Administration (MPA) and Ports America Chesapeake to lease and operate the 200-acre Seagirt Marine Terminal. According to Maryland Gov.

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State by State Incentives Guide

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It allows for the construction of roads, bridges, etc. Industrial Revenue Bonds: May be used as long-term financing of up to 100% of a project for: Acquisition of land, buildings, site preparation and improvements; Construction of buildings; Acquisition and installation of furnishings, fixtures and equipment; Capitalizable soft costs (e.g.,

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STATE INCENTIVES GUIDE

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SALES & USE TAX ABATEMENTS: Taxes on construction-related transactions, pollution control devices are exempt from sales and use taxes. ENTERPRISE ZONE CREDIT: To stimulate growth in depressed areas of the state, Alabama offers certain tax credit incentives to business that locate or expand within a designated enterprise zone.

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