Incentives & funding Support long-term business growth
South Carolina has earned a reputation as a competitive business location, supported by an economic environment that helps companies manage operating costs, invest with confidence and grow over time. Performance-based tax incentives reward companies for job creation and investment.
South Carolina Department of Commerce (SC Commerce) supports companies at every stage—from initial investment to long-term growth—through a range of incentives tied to job creation, capital investment, workforce development and community impact. Programs include tax credits, training support, site development assistance and grants designed to help projects succeed over time.
Access featured South Carolina incentive programs
Take a closer look at business incentives
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Find incentive programs for your project
5-year property tax abatement
Redevelopment projects involving abandoned buildings may qualify for a credit against real property taxes. This credit may offset up to 75% of property taxes.
Discretionary grants
Discretionary grant funding supports economic development projects such as road improvements, water and sewer infrastructure and other infrastructure needs related to economic development projects.
Fee-in-Lieu of property taxes (FILOT)
With a FILOT agreement, a company making substantial capital investments in South Carolina can negotiate reduced property tax obligations for a defined period.
Super FILOT (large investment)
To encourage substantial capital investments, SC allows qualifying companies to negotiate an even lower property tax assessment rate than is available under a standard FILOT agreement.
Success stories: Built here. Grown here. Thriving here.
In 2023, Scout Motors chose Blythewood, SC for the location of its 1,600-acre facility. Once up and running, the plant will employ 4,000 people full-time and create many additional jobs through suppliers.
See why global sugar confections manufacturer Ferrara Candy Company chose South Carolina for its $675 investment and latest US expansion.
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Find out how Sonoco, local company founded 125 years ago, has grown and expanded to become one of South Carolina’s largest publicly traded businesses.
From opening its state-of-the-art sterile “blow-fill-seal” facility to more recent expansion, understand how Ritedose has partnered with SC to become a leading player in the state’s life sciences.
See how BMW and SC have partnered to become America’s top automotive exporter through corporate commitment, job training programs and fulfilling supply chain needs.
Find incentives for your business
Download our Incentives Guide