Low Cost of Doing Business
Workforce Training at No-Cost
One of the strongest incentives provided to growing companies in South Carolina is the workforce recruitment and training programs offered by the state through readySC™ and Apprenticeship Carolina™, which includes recruiting, screening and training that is tailored to the company’s needs.
Ranked in 6th the Top ten states for corporate income tax rates at or below 5% by the Tax Foundation
Construction cost index: 0.9 is for Class A Office Facilities
Low Cost of Doing Business:
- Industrial power rates are 9% lower than the national average
- SC has one of the lowest corporate income tax rates in the U.S. at 5%
- SC ranks 1st in Site-Readiness Programs; Available Real Estate; and Speed of Project Permitting
- SC ranks 2nd in Top States for Doing Business: Cost, Business Friendliness, and Taxes
- SC ranks 2nd in nation in Business Incentive Programs; Favorable Regulatory Environment; and Workforce Training Programs
- SC ranks 3rd in Energy Availability & Costs
- SC ranks 5th in the U.S. Logistics & Infrastructure
- Energy rates 15% Lower than the national Average
