Incentives & Financing
Charleston County enjoys a reputation as a premiere pro-business location in the Southeast, and our robust financial incentives are part of that reputation. Learn more about specific incentives and programs for your business below:
Some financial incentives available within South Carolina are statutory and are claimed directly by your company when you file your state corporate income taxes to include five-year property tax abatement, sales tax exemptions, job tax credits, corporate headquarters credit and research & development credit.
Other financial incentives are negotiated with Charleston County and the state of South Carolina. They are typically dependent upon the capital investment, hiring and payroll involved in a new project or expansion. Eligible businesses might qualify for Fee-in-lieu of taxes (FILOT) or Job Development Credits.
Grants to introduce, upgrade or extend roads, water and sewer service or to underwrite site development costs can be made available on substantial relocation or expansion projects. Set-aside grants are awarded by the South Carolina Coordinating Council for Economic Development. These grants are discretionary and are attached to economic development projects that may be used for public infrastructure, site clearing, and other project-related purposes.
Other money-saving opportunities
- Workforce training and development programs
- Foreign Trade Zones (Port of Charleston)
- Gap financing from the Berkeley – Charleston – Dorchester Council of Governments’ Revolving Loan Fund
Contact our team to learn more about available incentives for qualified projects.
Director of Business Recruitment Daniel Royal.