Build profitability every day.
Economic climate: One important reason South Carolina consistently ranks as one of the top states in the nation to do business. Southern Carolina’s pro-business support includes ease in regulation that saves time and money, and while a high-impact array of incentives assures faster return on investment, lower costs every day support profitability year in and year out.
STARTUP: Move in with speed and cost-effectiveness
#1
Best Business Incentives Program in the U.S.
[Area Development, 2025]
#1
In the Nation for Speed in Permitting
[Area Development, 2023]
#1
In Overall Cost of Doing Business in the U.S.
[Area Development, 2025]
3-13%
Below the National Average for Cost of Class AA Office Space
[Marshall Valuation Service, 2024]
#1
Best Business Incentives Program in the U.S.
[Area Development, 2025]
#1
In the Nation for Speed in Permitting
[Area Development, 2023]
#1
In Overall Cost of Doing Business in the U.S.
[Area Development, 2025]
3-13%
Below the National Average for Cost of Class AA Office Space
[Marshall Valuation Service, 2024]
UTILITIES: Run with abundance and lower costs
#1
Lowest Industrial Electric Rate in the South Atlantic
[U.S. Energy Administration, Dec. 2024]
12th
Lowest Gas Rate in the U.S.
[U.S. Energy Administration, Aug. 2024]
8th
Lowest Industrial Electric Rate in the Nation
[U.S. Energy Administration, Dec. 2024]
Lowest Industrial Electric Rate in the South Atlantic
[U.S. Energy Administration, Dec. 2024]
Lowest Gas Rate in the U.S.
[U.S. Energy Administration, Aug. 2024]
Lowest Industrial Electric Rate in the Nation
[U.S. Energy Administration, Dec. 2024]
WORKFORCE: Work productively and profitably
#2
Best State in the U.S. for Doing Business Overall
[Area Development, 2025]
1.5%
Unionization Rate, One of the Lowest in the Nation, in a Right-to-Work State
[U.S. Bureau of Labor Statistics, 2024]
2nd
Best State for Manufacturing Projects
[Site Selection Group, Nov. 2024]
#1
Best Manufacturing Workforce in the Nation
[Site Selection Survey, 2024]
#2
Best State in the U.S. for Doing Business Overall
[Area Development, 2025]
1.5%
Unionization Rate, One of the Lowest in the Nation, in a Right-to-Work State
[U.S. Bureau of Labor Statistics, 2024]
2nd
Best State for Manufacturing Projects
[Site Selection Group, Nov. 2024]
#1
Best Manufacturing Workforce in the Nation
[Site Selection Survey, 2024]
TAXES: Net more in a less taxing environment
0
State property tax
Local income tax
Inventory tax
Local income tax
Inventory tax
0
Sales tax on manufacturing machinery, industrial power or materials for finished products
0
Wholesale tax
Unitary tax on worldwide profits
Unitary tax on worldwide profits
State property tax
Local income tax
Inventory tax
Local income tax
Inventory tax
Sales tax on manufacturing machinery, industrial power or materials for finished products
Wholesale tax
Unitary tax on worldwide profits
Unitary tax on worldwide profits
Top 5
Best Corporate Tax Climate
[Business Facilities Magazine, 2024]
5th
Best Corporate Rate in the U.S.
[The Tax Foundation, 2024]
#3
Favorable Property Tax in the Nation
[Area Development, 2025]
Top 5
Best Corporate Tax Climate
[Business Facilities Magazine, 2024]
5th
Best Corporate Rate in the U.S.
[The Tax Foundation, 2024]
#3
Favorable Property Tax in the Nation
[Area Development, 2025]
Single factor sales apportionment
No throwback rule
COST OF LIVING: Extend buying power
75.0
Cost of Living Compared to 100 National Average
[U.S. News & World Report L.P., Dec. 2024]
75.0
Cost of Living Compared to 100 National Average
[U.S. News & World Report L.P., Dec. 2024]