Businesses
Government-funded
$100K
per applicant
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Provides income tax credits to businesses that invest in or locate operations at certified SC Innovation Centers and Research Parks. Designed to create clusters of technology and life sciences companies.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Business must locate in a SC-certified innovation center or research park
2.Credit: 20% of eligible facility investment costs
3.Qualifying innovation centers: Greenville ONE, SC Research Authority, others
4.Annual certification and reporting to SC Commerce required
5.Credit limited to $100,000 per business per year
OEDIT · Colorado
3% state income tax credit for businesses investing in business personal property in Colorado's 16 Enterprise Zones, which cover the state's most economically distressed rural and urban areas. Stacks with other CO Enterprise Zone credits for wage, research, and job training.
KCED · Kentucky
Provides income tax credits and wage assessments to encourage new and expanding businesses to locate in Kentucky. Credits are tied to job creation and capital investment commitments over a 15-year term.
Utah OEO · Utah
30% state income tax credit on new employee wages for businesses creating 5+ jobs in rural Utah Economic Opportunity Zones. Meaningful incentive to locate outside Salt Lake's urban corridor, with a 5-year credit period.