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
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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 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