Lege TREND. State Expands Economic Development Programs

South Carolina expanded its economic development programs to apply to more projects by:

• reduced from 175 to 125 job requirements at a single location 
• reduced to 100 jobs (from 150) at a single location comprised of a building or portion of a building that has been vacant for at least 12 consecutive months before the taxpayer’s investment 
• reduced to 75 jobs (from 100) at a single location and the jobs that have an average cash compensation level of more than 1.5 times the lower of state per capita income or per capita income in the county where the jobs are located 
• expanded the list of qualifying industries
• applied it to entities with 50 jobs at a single location and the jobs that have an average cash compensation level of more than 2 times the lower of state per capita income or per capita income in the county where the jobs are located
• applied it to entities with 25 jobs at a single location and the jobs that have an average cash compensation level of more than 2.5 times the lower of state per capita income or per capita income in the county where the jobs are located

Market Insider | South Carolina Expands Economic Development Incentives