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South Carolina Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

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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COVER STORY: 2013 Business Facilities Rankings Report – State Rankings

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In this year’s report, we expanded our established alternative energy categories to include rankings for natural gas production, nuclear energy, industrial electricity rates and lowest CO 2 emissions. 5 in Biotechnology Strength Employment Leaders, no. in nearly 30 years. AILING INFRASTRUCTURE: THE CRATERS KEEP GETTING BIGGER.

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

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Fred Crawford with the Chilton County Industrial Development Board (IDB) said Chilton County is honored to have its first AdvantageSite, and said the site designation is a result of the teamwork between Central Alabama Electric Cooperative, the Chilton County IDB and Sain Associates. “We The site could accommodate 1.5

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FEATURE STORY: 2013 Economic Development Awards

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The Alliance has a strong partnership with Broward County’s Workforce One employment center, securing nearly $1 million state and local training assistance for 1,107 employees in local companies. of employment in its biotech sector, anchored by its world-class research institutions, including the Mayo Clinic and the University of Minnesota.

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State by State Incentives Guide

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Must expand its labor force, make new capital investment, or prevent loss of employment. May not have closed or reduced employment elsewhere in Alabama in order to expand into an enterprise zone. The credit is 20% of the actual costs limited to the employer’s income tax liability. WORKFORCE DEVELOPMENT .

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

FULL EMPLOYMENT ACT OF 2011: Businesses with 50 or fewer employees may receive a one time income tax credit equal to $1,000 per new job paying over $10 per hour. EMPLOYER EDUCATION CREDIT: A tax credit is statutorily available to employers who provide approved basic skills education programs to Alabama resident employees.

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