At 5%, South Carolina’s corporate income tax is among the lowest in the Nation and the Southeast.
South Carolina’s business climate ranks among the best in the United States with a progressive and competitive environment, offering low corporate tax rates and low utility rates combined with highly competitive wages and low rates of unionization.
Port of Charleston is the 8th Busiest U.S. Seaport
South Carolina ranks 1st in nation in Business Incentive Programs
Low Cost of Doing Business in South Carolina
Corporate Income Tax Rate
5
0%Energy Rates
15
0%Energy Rates in South Carolina are 15% Lower than the National Average.
Responsive State Government
2
0ndSouth Carolina ranks 2nd in the nation for Cooperative and Responsive State Government.
South Carolina
2.6
0%Lowest Unionization Rate in the Country
North Carolina
3.4
0%Georgia
4.0
0%Mississippi
5.3
0%Virginia
4.6
0%Florida
5.6
0%Tennessee
5.7
0%Alabama
7.4
0%Kentucky
9.6
0%Source: bls.gov, 2017
Unparalleled Accessibility and Transportation Network
Being within only a two-day’s drive of 2/3rd of the U.S population, the Palmetto State offers the infrastructure necessary to attract new industry and supply skilled workers, allowing companies to thrive and expand here.
