Resources & Incentives

South Carolina and Florence County continually rank among the premiere business climates in the nation, and a wide variety of programs are made available in both public and private sectors to help companies, like yours, thrive and succeed. If your business is new to the area, and you'd like help navigating the options, we'd be happy to assist you. Just contact us at Florence Industrial Center.


Tax Credits & Incentives

 

Business Resources

 

Export Development


Tax credits and economic incentives encourage business investment, motivate job creation, reduce costs and more.

South Carolina's incentives include:
  • No state property tax
  • No local income tax
  • No inventory tax
  • No sales tax on manufacturing machinery, industrial power or materials for finished products
  • No wholesale tax
  • No unitary tax on worldwide profits
  • 5% corporate income tax rate, one of the lowest in the Southeast

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Florence County and the state of South Carolina have a strong network of organizations ready to provide your company with an array of business resources, educational programs and technical support.

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The South Carolina Department of Commerce works with companies of all sizes to assist in developing and growing export markets throughout the world.

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Property Overview