South Carolina Job creation incentives
Job creation is supported in South Carolina through performance-based tax incentives. Businesses of all sizes can take advantage of these opportunities, including incentives designed to support job creation in economically challenged areas of the state.
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Corporate headquarters tax credit
South Carolina helps offset the costs associated with relocating or expanding a corporate headquarters facility with a credit that can be applied against either corporate income tax or the license fee.
Corporate income tax moratorium
SC supports job creation in certain economically distressed counties through a tax moratorium that may eliminate state corporate income tax liability for 10 or 15 years.
Job development credit
This credit is designed to offset the cost of locating or expanding a business facility in SC. It provides funds that represent actual cash contributions to an approved project.
Jobs tax credit
The tax credit supports new and expanding companies for creating jobs in SC. To qualify, companies must create and maintain a certain number of net new jobs in a taxable year.
Small business jobs tax credit
This credit provides smaller companies that are creating jobs in SC access to job creation incentives as they continue to grow their workforce.
“Success is South Carolina. From launch to legacy.”
Miguel Tavera Head of Manufacturing and Supply Chain | Volvo Car US Operations
Find incentives for your business
Download our Incentives Guide