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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Advanced energy investment programs in South Carolina
South Carolina supports the growth of next-generation energy industries through a portfolio of incentives designed to support investment, accelerate innovation and strengthen critical supply chains.
Agricultural products purchase credit
Agribusiness operations that increase purchases of agricultural products grown in South Carolina may qualify for an income tax credit or withholding tax credit.
Alternative fuel property credit
Eligible property or facilities placed in service before January 1, 2026 may qualify for a tax credit for alternative fuel distribution, dispensing or storage.
Alternative motor vehicle credit
SC offers a state tax credit for resident taxpayers who qualify for the corresponding federal Alternative Motor Vehicle Credit.
Appalachian regional commission (ARC)
Competitive grant funding is available for projects that benefit one or more of the seven counties in Appalachian SC.
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.
Energy conservation and renewable energy tax credit
Businesses that purchase and install qualifying equipment for energy conservation and renewable energy production may qualify for a tax credit equal to 25% of eligible expenditures.
Investment tax credit (ITC)
Manufacturers locating or expanding in South Carolina can use this one-time credit against their corporate income tax up to 2.5% of their investment in new production equipment.
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