incentives
South Carolina has a reputation as a superior business location largely due to an exceptional economic climate that helps companies hold down operating costs and increase return on investment. The presence of performance-based tax incentives that reward companies for job creation and investment combined with corridor specific financial incentives and one-on-one business support make the Charleston Digital Corridor an ideal location for knowledge based enterprise.

Some notable tax incentives are:
  • 5% corporate income tax (among the lowest in the nation)
  • No state property tax
  • No local income tax
  • Tax credits for investment in infrastructure
  • Tax credits for R&D
  • No unitary tax on worldwide profits
  • Tax credits for new jobs
  • Tax credits for corporate headquarters facilities
  • No inventory or intangibles tax
  • No wholesale tax