The incentives and benefits available for qualifying entities locating or expanding in Marion County are the maximum allowed by law. These opportunities allow new and existing firms a lower cost of operation when locating here.

The South Carolina Rural Development Act of 1996 makes provisions for numerous benefits available to companies that locate and/or expand their operations in the state.

The value of such benefits varies among counties depending upon the economic development status of a particular county. Marion County has a designation, determined by the Rural Development Act, that allows for maximum benefits available under the Act.

New Jobs Tax Credit

• If at least 2 new jobs are created, a company may be eligible for a tax credit equal to $4,000 per job. This credit can be used to apply against S.C. Corporate Income Taxes. If the new jobs created are 100 or more, the tax credit is $8,000 per job.

Job Training Fee

• An existing company may be eligible to obtain up to $500 per production employee per year for re-training of personnel.
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  NOTE: It should be noted that maximum benefits allowed by the Act are available in Marion County. Maximum benefits are not available in all counties in the state.

Fee-In-Lieu of Property Tax

• Depending upon the number of jobs created and the amount of capital investment, Marion County will consider negotiating a fee-in-lieu of normal property taxes. Such an arrangement can be of significant financial benefit to the company.

In addition, South Carolina´s tax incentives foster growth. According to a report by the South Carolina Power Team, the state has the lowest corporate income tax rate in the Southeast, along with no inventory tax. Other incentives, such as the Jobs Tax Credit and the "fee in lieu" program create an attractive overall incentives package.