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Expand or Relocate to South Carolina
      

South Carolina Business Data

Relocate or Expand to South Carolina

SC business climate, manufacturer incentives, and advantages of local communities

Business Data for South Carolina


Population
4,561,242

Total Labor Force
2,314,584

Unemployment Rate
5.6%

# Manufacturers
4,654

Manufacturing Jobs
267,063

Right to Work
Yes

Unemp. Insurance Tax
0–10.67%


Manufacturing stats updated on 6/29/2016. All other data updated on 6/29/2016. IndustryNet is not responsible for errors or omissions.
 
Corporate Income Tax
5%. Companies that qualify for a Jobs Tax Credit can reduce up to 50% of corporate income tax liability.

Sales Tax
6%. Exemptions include: Manufacturing machinery, industrial power, or materials for finished products.

Property Tax
No state property tax. Property taxes are levied by local governments only. Real property is appraised, tangible personal property is recorded at cost and depreciated based on a standard depreciation rate (for manufacturers) Exemptions include: Inventories (raw materials, work-in-progress, finished goods) and pollution control equipment . Property tax abatements available to qualifying manufacturing, research and development, and corporate headquarter facilities.

Leading Mfg. Industries
(by # of employees)
15% Transportation equipment
13% Industrial machinery and equipment
10% Rubber and miscellaneous plastic products
8% Fabricated metal products
7% Food and kindred products

Largest Mfg. Employers
(by # of employees)
BMW Mfg. Co. (Greer) - 8,000
Boeing Commercial Airplanes (North Charleston) - 6,000
Michelin North America, Inc. (Greenville) - 3,800
GE Power Electronics, Inc. (Greenville) - 3,400
Kraft Heinz Foods Company (Newberry) - 2,500
 
Counties with the Most Mfg. Jobs
Greenville - 54,928
Spartanburg - 30,089
Charleston - 24,052
Lexington - 17,173
Richland - 14,201

Cities with the Most Mfg. Jobs
Greenville - 27,282
Spartanburg - 16,255
North Charleston - 14,375
Greer - 13,177
Anderson - 9,973

Mfg. Related Business Incentives
• No local income tax; No inventory tax; No wholesale tax; No unitary tax on worldwide profits
• Job Tax Credit (JTC)
• Investment Tax Credit
• Corporate Headquarters Credit
• Research & Development Tax Credit
• Job Development Credit (JDC)
• Economic Development Set-Aside Program
• Enterprise Zone Retraining Credit Program
• Rural Infrastructure Fund
• Port Volume Increase Credit
• Business Development Corporation (BDC) loans
• SC Capital Access Program (SC CAP)
• InvestSC Fund

Economic development agencies, chambers of commerce, and other organizations & businesses available to assist with your relocation to or from South Carolina

Elgin, SC
Whether you are relocating temporarily or permanently, ACRS offers short-term accommodations for any lifestyle, based on the budget, area, and size you request.
Greenville, SC
Whether you are relocating temporarily or permanently, ACRS offers short-term accommodations for any lifestyle, based on the budget, area, and size you request.
North Charleston, SC
Whether you are relocating temporarily or permanently, ACRS offers short-term accommodations for any lifestyle, based on the budget, area, and size you request.
Topeka, KS
Striving to recruit new business & help companies expand in Kansas
Machinery Movers & Riggers-Heavy Haulers-Installers-Millwrights
Are you an economic development agency, chamber of commerce, or other organization in the business of helping companies relocate or expand? List your organization here and connect with growing businesses!
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