Economic Incentives

Cost is a major consideration when a company chooses a location for doing business. The cost of operating a business in South Carolina is very reasonable. South Carolina has a pro-business climate and performance-based incentives, so companies can keep their operating costs low. South Carolina’s economic incentives are an investment in its economic future, and we are willing to invest in companies who are willing to reinvest in the state. South Carolina is proud to offer these economic incentives:

  • No state property tax
  • No local income tax
  • No inventory tax
  • No sales tax on manufacturing machinery, industrial power or materials for finished products
  • No wholesale tax
  • No unitary tax on worldwide profits
  • Favorable corporate income tax structure

 

Special Laurens County, South Carolina Incentives for Business

Laurens County believes in economic development. That’s why we offer a variety of economic incentives for the development of business and industry. Some of the incentives offered include: