South Carolina Site development incentives
Companies that make substantial investments in South Carolina may be eligible for substantial incentives. Many of these opportunities provide long-term savings and advantageous tax structures.
These incentives are designed to support site readiness, reduce upfront costs and enable long-term investment in South Carolina.
Find site development incentives for your project
5-year property tax abatement
Redevelopment projects involving abandoned buildings may qualify for a credit against real property taxes. This credit may offset up to 75% of property taxes.
Discretionary grants
Discretionary grant funding supports economic development projects such as road improvements, water and sewer infrastructure and other infrastructure needs related to economic development projects.
Fee-in-Lieu of property taxes (FILOT)
With a FILOT agreement, a company making substantial capital investments in South Carolina can negotiate reduced property tax obligations for a defined period.
Super FILOT (large investment)
To encourage substantial capital investments, SC allows qualifying companies to negotiate an even lower property tax assessment rate than is available under a standard FILOT agreement.
“There’s access to state and local officials readily available. There’s never been a time we have reached out, that we weren’t able to have the right discussions at the right time to make sure we were all operating together and have the right support system.”
Melanie McLane Director of Human Resources | Arthrex Manufacturing
Find incentives for your business
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