Learn more about relocating or expanding to South CarolinaSouth Carolina business climate, manufacturer incentives, and advantages of SC communities |
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South Carolina Business Data*  Population: 4,561,242 Total Labor Force: 2,169,400 Unemployment Rate: 8.0% Number of Manufacturers: 4,854 Manufacturing Jobs: 261,900
Right to Work: Yes
Unemp. Ins. Tax: 0–10.67%
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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 Manufacturing Industries:
(by % of total manufacturing employment) 13% Industrial machinery and equipment 13% Transportation equipment 10% Rubber and miscellaneous plastic products 9% Fabricated metal products 8% Textile mill products Largest Manufacturing Establishments:
(by number of employees) BMW Mfg. Co. (Greer) - 7,000
Boeing Commercial Airplanes (North Charleston) - 6,000 Michelin North America, Inc. (Greenville) - 3,800 GE Energy (Greenville) - 3,400 Kraft Foods Group, Inc. (Newberry) - 2,500 |
Counties with the Most Manufacturing Jobs:
Greenville - 52,837 Spartanburg - 29,178 Charleston - 22,470 Lexington - 16,427 Richland - 15,995 Cities with the Most Manufacturing Jobs:
Greenville - 27,021 Spartanburg - 15,998 North Charleston - 12,828 Columbia - 11,906 Greer - 11,611 Manufacturing 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 and businesses to help with your relocation or expansion:
South Carolina Department of Commerce
The Department works to promote economic opportunity for individuals and businesses. As South Carolina's leading economic development agency, it works to recruit new businesses and help existing businesses grow.
1201 Main Street, Suite 1600, Columbia, SC 29201 (Map & Aerial View)
(803) 737-0400
www.sccommerce.com
Capitol Information Affiliates
Capitol Information Affiliates is a governmental relations company that offers direct legislative lobbying, monitoring and public relations. We have over 2 decades of success representing companies and trade associations before the SC General Assembly. CIA also offers association management and grassroots training.
1114 College St., Columbia, SC 29201 (Map & Aerial View)
(803) 779-3373
www.cia-sc.com
Central SC Alliance
The Central SC Alliance was founded in 1994 and is a 501(c)(3) not-for-profit public/private partnership which engages in the recruitment of capital investment and job creation in the Central region of South Carolina.
1201 Main Street, Suite 100, Columbia, SC 29201 (Map & Aerial View)
(803) 733-1131
www.centralsc.org
Charleston Regional Development Alliance
The CRDA is a professional economic development organization representing Berkeley, Charleston and Dorchester counties. It directly assists companies with competitive location or expansion projects by connecting them with the right people, the appropriate resources and the most meaningful and relevant information.
5300 International Boulevard, Suite 103A, North Charleston, SC 29418 (Map & Aerial View)
(843) 767-9300
www.crda.org
Cherokee County Chamber Of Commerce
To be a non-political and non-partisan advocate for the free enterprise system by promoting the growth of business, industry and community.
225 S. Limestone St., Gaffney, SC 29340 (Map & Aerial View)
(864) 489-5721
www.cherokeecountyscchamber.com
Greenwood Partnership Alliance
The Partnership Alliance is a public/private partnership that provides leadership and financial support to improve economic growth and educational achievement in order to enhance the quality of life in Greenwood County. It seeks to lead Greenwood County and the surrounding region to be the number one place to live in America.
109 W. Court Ave., Greenwood, SC 29646 (Map & Aerial View)
(864) 388-1250
(864) 388-1253 Fax
www.partnershipalliance.com
Myrtle Beach Regional Economic Development Corp.
Addtl. Email: blofton@mbredc.org | To lead Horry County's efforts to attract, retain and grow sustainable businesses that create jobs.
P.O. Box 261966, Conway, SC 29528 (Map & Aerial View)
(843) 347-4604
www.mbredc.org
South Carolina Economic Developers' Association
Since 1965, SCEDA has served as the state's Voice of Economic Development. Its members include local and regional economic developers, as well as officials from municipal, county and state government agencies, construction and engineering firms, utility companies, attorneys, consultants, financial institutions, and higher education.
1122 Lady Street, Suite 1115, Columbia, SC 29201 (Map & Aerial View)
(803) 929-0305
www.sceda.org
Sumter Development Board
Public/private economic development agency.
32 E. Calhoun St., Sumter, SC 29150 (Map & Aerial View)
(803) 418-0700
www.sumteredge.com
South Carolina Industrial News:
South Carolina's Industrial Employment Increased 2.3% Over Past Year (11/12/2012)
South Carolina's Industrial Employment Declined 1.5% Over Past Year (10/24/2011)
South Carolina Industrial Employment Declined 3.2% Over Past Year (10/11/2010)
South Carolina Industrial Jobs Down 10% Over Twenty-Four Months (10/16/2009)
South Carolina Manufacturing Jobs Down 2% Over Twelve Months According To State Industrial Directory (10/10/2008)
Industrial Directory's 12-Month Report Shows South Carolina Manufacturing Jobs Down 4% (10/10/2007)
Manufacturers' Guide Reports South Carolina Industrial Jobs Down 2.1% (9/29/2006)
Manufacturing Jobs Fall In South Carolina (2/27/2006)
South Carolina's Industrial Employment Increased 2.3% Over Past Year (11/12/2012)
South Carolina's Industrial Employment Declined 1.5% Over Past Year (10/24/2011)
South Carolina Industrial Employment Declined 3.2% Over Past Year (10/11/2010)
South Carolina Industrial Jobs Down 10% Over Twenty-Four Months (10/16/2009)
South Carolina Manufacturing Jobs Down 2% Over Twelve Months According To State Industrial Directory (10/10/2008)
Industrial Directory's 12-Month Report Shows South Carolina Manufacturing Jobs Down 4% (10/10/2007)
Manufacturers' Guide Reports South Carolina Industrial Jobs Down 2.1% (9/29/2006)
Manufacturing Jobs Fall In South Carolina (2/27/2006)
Looking to reach South Carolina manufacturers? Access the South Carolina Manufacturers Database compiled by MNI.
*Manufacturing stats updated on 5/17/2013. All other stats updated on 5/17/2013. Listings updated on 5/24/2013.
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