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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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.
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