Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Provides corporate income tax credits to businesses creating new jobs in South Carolina, with credit amounts ranging from $1,500 to $8,000 per new job depending on county designation.
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.Must create at least 2 new full-time jobs in South Carolina within 5 years
2.Jobs must pay at least 120% of county or state per capita income
3.Credit per job: $1,500 (Tier IV counties) to $8,000 (Tier I distressed counties)
4.Credits can be carried forward for 15 years
5.Manufacturing, processing, tourism, and R&D companies all eligible
LPO · United States
Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).