INCENTIVES FOR BIOSCIENCE
Tax Advantages
South Carolina places a high value on business.
The state’s reputation as a superior business location is primarily due to an exceptional economic climate that helps companies hold down operating costs and increase their return on investment. Also, South Carolina’s performance-based tax incentives reward companies for job creation and investment.
South Carolina Offers the following Statutory Incentives:
- 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
- Favorable corporate income tax structure
Public Services Advantage
Greenwood CPW
Out of approximately 750 APGA members, Greenwood CPW was selected for SOAR level BRONZE by its peers on the APGA Operations and Safety Committee. The selection was based on demonstrated excellence in the four areas of system integrity, system improvement, employee safety, and workforce development.
Upper Savannah Council of Governments
Upper Savannah was the first multi-county planning and development organization to be created in South Carolina and is now a part of South Carolina’s 10 sub-state regional Council of Governments system. (www.sccogs.org)
The Upper Savannah region includes six counties: Abbeville, Edgefield, Greenwood, Laurens, McCormick and Saluda. Upper Savannah serves as the umbrella administrative organization for regional activities, has city and county government representation and works closely with local, state and federal government agencies.
The Council provides a wide scope of services and performs many functions ranging from assistance to senior citizens and persons with disabilities through the Upper Savannah Aging & Disability Resource Center (ADRC), workforce development assistance for employers and job seekers through the Upper Savannah SC Works Workforce System, community development with a focus on infrastructure improvements and affordable housing programs, grant writing and administration, transportation planning, as well as loans to small businesses and other economic development activities for the purpose of saving and creating jobs.
