Clarendon County offers South Carolina's highest level of incentives to new or existing companies. These include performance-based tax credits and investment incentives that help your company maximize profits. The Clarendon County Development Board can give you a detailed incentive summary for your project once you provide the following information: Projected land and building costs for the project. Projected new machinery and equipment costs for the project. New jobs to be created and the average wage rates for those workers.
LOW COST OF DOING BUSINESS
South Carolina maintains a very pro-business tax and regulatory environment that lowers costs for companies. 5 percent corporate income tax rate—the lowest in the Southeast. Companies engaged in multi-state activities will pay taxes only on the income derived from business activity conducted in South Carolina. Affordable workers’ compensation and unemployment insurance costs. Little to no union activity—Clarendon County’s unionization rate in 2015 was 0.0 percent.
For more information on specific tax credits and other incentives, please use the following links: