Learn more about relocating or expanding to South Carolina

South Carolina business climate, manufacturer incentives, and advantages of SC communities

Relocate or Expand to South Carolina - U.S. Industrial Expansion & Relocation Guide for Manufacturing Companies - Learn more about the South Carolina business climate, manufacturer incentives, and advantages of SC communities. Helping decision makers at U.S. manufacturing establishments find new locations to relocate or expand.
South Carolina Business Data*

South Carolina

Population: 4,561,242
Total Labor Force: 2,169,300
Unemployment Rate: 6.4%
Number of Manufacturers: 4,722
Manufacturing Jobs: 263,023
Right to Work: Yes
Unemp. Ins. Tax: 010.67%
 
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 Power & Water (Greenville) - 3,400
Kraft Foods Group, Inc. (Newberry) - 2,500
 
Counties with the Most Manufacturing Jobs:
Greenville - 53,193
Spartanburg - 29,861
Charleston - 22,149
Lexington - 16,682
Richland - 16,054

Cities with the Most Manufacturing Jobs:
Greenville - 26,862
Spartanburg - 16,119
North Charleston - 12,691
Greer - 11,708
Columbia - 10,571

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




Looking to reach South Carolina manufacturers? Access the South Carolina Manufacturers Database compiled by MNI.



*Manufacturing stats updated on 3/18/2014. All other stats updated on 3/18/2014. Listings updated on 4/16/2014.

a service of Manufacturers' News, Inc. - directories & databases since 1912