Economic Development Set-Aside Program

Economic Development Set-Aside Program is sponsored by South Carolina Coordinating Council for Economic Development. Offers grants to local governments to support infrastructure and project needs associated with new and expanding businesses in South Carolina.

South Carolina Business Incentives & Funding | SC Commerce Welcome to South Carolina Our new website is filled with information and connectivity. Everything you need should be only a few clicks away. If you’d like, take a look at some of our timesaving new features.

If not, enjoy the site! Find all the help your SC business needs. The new business portal connects you with funding, local resources and suppliers.

Public information & documents Easily locate meeting minutes, annual reports and public reporting from state commissions and committees filtered by organization, document and year. Public information & documents Take advantage of an easier to access, more detailed incentives & grants section that includes Community Development Block Grants .

Get details on incentives Get details on incentives Search the way you want to search With our AI-powered chat and search tool, you can have natural conversations or search by keyword. Ask questions in your own language and get translated responses. Incentives Designed to support business growth The right incentives can help turn a strong project into a stronger long-term investment.

South Carolina offers tax credits, exemptions, workforce programs and other tools that can help qualifying companies reduce costs, create jobs, invest in operations and build their workforce. Eligibility and program requirements vary by incentive.

Connect with an incentives expert Find incentive programs for your project 5-year property tax abatement Qualifying manufacturers, research and development facilities, distribution facilities and corporate headquarters operations may receive a five-year exemption from county operating property taxes on eligible investments.

5-year property tax abatement Abandoned buildings revitalization credit South Carolina offers incentives to support the revitalization of vacant buildings. Businesses that invest in qualifying properties may be eligible for a tax credit equal to 25% of rehabilitation expenses.

Abandoned buildings revitalization credit Agricultural equipment tax credit Qualifying businesses may receive a tax credit for certain conservation tillage equipment, drip or trickle irrigation systems, and qualifying dual-purpose truck and crane equipment.

Agricultural equipment tax credit Agricultural products purchase credit Agribusiness operations that increase purchases of agricultural products grown in South Carolina may qualify for an income tax credit or withholding tax credit.

Agricultural products purchase credit Alternative fuel property credit Eligible property or facilities placed in service before January 1, 2026 may qualify for a tax credit for alternative fuel distribution, dispensing or storage.

Alternative fuel property credit Alternative motor vehicle credit South Carolina provides a state tax credit for certain qualifying alternative motor vehicles based on provisions of the former federal Alternative Motor Vehicle Credit. All-electric and plug-in hybrid vehicles do not qualify.

Alternative motor vehicle credit Develop a long-term talent pipeline through registered apprenticeship programs that combine paid, on-the-job learning with job-related education. No-cost program development assistance and state tax credits may be available to qualifying employers.

South Carolina’s Closing Fund provides flexible discretionary grant funding for qualifying high-impact economic development projects when additional assistance may be needed to support a company’s decision to locate or expand in the state.

Corporate headquarters tax credit Qualifying companies establishing or expanding a corporate headquarters in South Carolina may receive a credit equal to 20% of certain eligible headquarters facility, lease and equipment costs. Corporate headquarters tax credit Take a closer look at business incentives Download our Incentives Guide By submitting, you are consenting to receive communications from SC Department of Commerce.

You can change your preference anytime. This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Success stories: Built here.

Grown here. Thriving here. See why AMAROK, an innovative national perimeter security company, chose Columbia, for its headquarters and is in the process of nearly doubling its South Carolina workforce.

Read the AMAROK success story Learn how lifestyle and workforce commitment are two leading reasons why global orthopedic technology innovator Arthrex continues to expand in SC. Read the Arthrex success story After printing 90 million yards of fabric, see how Bennettsville Printing continues to successfully serve the US military as well as the home and industrial sectors.

Read the Bennettsville Printing success story Learn how bFIVE40, a small business focused on production and customization of textile products, has embraced change, expanded offerings and enabled sustained growth in SC. Read the bFIVE40 success story See how BMW has partnered with SC to become America’s top automotive exporter through corporate commitment, job training programs and fulfilling supply chain needs.

Read the BMW success story Charles River Laboratories Discover why global biotechnology research and development company, Charles River, continues to invest in SC as a hub for scientific expertise and research after more than 30 years. Read the Charles River Laboratories success story See the growth and community impact made possible by the long-term investment partnership of Eaton and SC through people and workforce development.

Read the Eaton Corporation success story See why global sugar confections manufacturer Ferrara Candy Company chose South Carolina for its $675 million investment and latest US expansion. Read the Ferrara Candy Company success story Discover how Hampton Lumber established a sustainable building materials presence on the East Coast and strengthened South Carolina’s prosperous wood products industry.

Read the Hampton Lumber success story See how Harbor Freight Tools found a home in rural South Carolina where they could build a strong workforce, grow exponentially and thrive in the distribution and logistics sector. Read the Harbor Freight Tools success story See how metal fabrication and laser cutter specialist LaserForm & Machine continues to expand its operation with the support of South Carolina’s economic development team.

Read the LaserForm & Machine success story Discover how Michelin North America found a long-term home in South Carolina and led the state to become #1 in tire production and the export sales of tires. Read the Michelin success story Take a closer look at business incentives Our Incentives Guide provides additional information on key programs, eligibility requirements and how incentives may apply to a project.

By submitting, you are consenting to receive communications from SC Department of Commerce. You can change your preference anytime. This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Not sure which incentives fit your project? Every project is different. SC Commerce can help companies understand which incentives may apply based on factors such as investment, job creation, workforce needs and site development requirements.

Connect with an incentives expert What can we help you find? Get answers quickly or find information with our AI-powered search. What incentives are available for a business relocating to SC?

What are the largest industries in South Carolina? How can I start exporting globally? What are the benefits of living in South Carolina?