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South Carolina Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Overseen by the Coordinating Council for Economic Development, it is the Coordinating Council’s primary business development tool for assisting local governments with road, water/sewer infrastructure or site improvements related to business location or expansion. Eligibility is determined by meeting a number of specific criteria.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Alabama Infrastructure Grant Program: Funds are available to public entities for extension of water, sewer and road facilities to service new or expanding industries. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. For a list of state economic development agencies, click this link.

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South Carolina Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Overseen by the Coordinating Council for Economic Development, it is the Coordinating Council’s primary business development tool for assisting local governments with road, water/sewer infrastructure or site improvements related to business location or expansion. Tax Incentives. of a company’s investment in new production equipment.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. 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.

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