South Carolina Community development incentives
South Carolina offers a range of community development incentives and funding programs designed to support municipalities, counties and regions. From infrastructure improvements to revitalization initiatives, SC Commerce partners with communities to support job growth and enhance quality of life.
Find incentives for your community development project
Appalachian regional commission (ARC)
Competitive grant funding is available for projects that benefit one or more of the seven counties in Appalachian SC.
Environmental and pollution control equipment exemptions
Businesses making qualifying investments in pollution control equipment to support environmental compliance may qualify for sales and use tax exemptions.
Opportunity Zones
The Opportunity Zone (OZ) program is a federal initiative designed to encourage economic development and job creation through long-term private investment in designated low-income urban and rural communities.
Recycling facility tax credit
South Carolina offers a credit equal to 30% of the cost of recycling property placed into service each year by qualified recycling facilities.
Revitalization of abandoned building credit
South Carolina offers incentives to support the revitalization of vacant buildings. Businesses that invest in qualifying properties may be eligible for a tax credit equal to 25% of rehabilitation expenses.
Textile revitalization credit
Companies that improve, renovate or redevelop abandoned textile mill sites in SC may be eligible for a tax credit equal to 25% of rehabilitation expenses.
“South Carolina infrastructure, from the ports to the rails, has everything we need to support our customers.”
Kyle Hamm SVP Power Systems Supply Chain for North America | Schneider Electric
Find incentives for your business
Download our Incentives Guide
