Industrial Development

South Carolina, and Lancaster in particular, has a reputation as a superior business location, largely due to an exceptional economic climate that helps companies hold down operating costs and increase their return on investment.  In addition, South Carolina's performance-based tax incentives reward companies for job creation and investment.  The state's pro-business policies are demonstrated by the following:

• Numerous ways to potentially eliminate your entire corporate incomes taxes;
• A wide range of sales tax exemptions that will reduce start-up costs as well as annual operating costs;
• Property tax incentives that can be tailored to meet your company's needs; and,
• Special discretionary incentives at the local and state level, used to meet specific needs of individual companies on a case-by-case basis.

Please note that the South Carolina Department of Revenue and Taxation (Department of Revenue), local city and county councils, and the South Carolina Coordinating Council for Economic Development (Coordinating Council) have the authority to offer definitive tax commitments under South Carolina law.

For more detailed information, please visit the South Carolina Department of Commerce's website at www.sccommerce.com.

For more information, please visit the following sites:

Lancaster County Economic Development
Duke Energy Industrial Development