Hampton County EDC - Business Incentives

Income Tax Credits

Job Creation - Up to $4,500/Job/Year for 5 years
Small Business Job Creation - Special Provisions - based on month or annual emp.
Research and Development Investment – 5% of Expenses
Economic Impact Zone Capital Investment – 1% to 5% of Investment
Corporate Headquarters Location – 20% of Cost
Infrastructure Construction – Up to $10,000/Year/Project
Hiring Family Independence Recipient Starts at 20% of wages paid
Hiring Displaced Workers – 10% of Wages
Contracting with Minority Businesses - 4% of Payments
Community Development Corporation Investment – 33% of Investment
Providing Child Care Services - $3,000/child and $100,000 for Facilities
Land Conservation – Up to $52,500/year/gift
Energy Conservation Practices - $2,500/year/measure taken
Purchase of Alternative Fuel Vehicles - 20% of allowable Federal Credit
Installation of Solar Energy System – Up to $3,500
Installation of Water Impoundments and Water Control – Up to $2,500
Textile Revitalization – 25% of cost
Retail Facility Revitalization – 10% of the rehab cost
Rehab of a Certified Historic Structure – 10% of rehab cost
Habitat Management – 50% of cost
Investments in Venture Capital Funds – Amount of investment, total of $20 million for State
Investing in Industry Partnership Fund - 100% of contribution
Investing in Palmetto Seed Capital Fund – 30% of investment
Motion Picture Project – 20% of project cost
Motion Picture Facilities – 20% of investment
Media Commercial Production Credit – 10% of cost
Motion Picture Payroll Rebate – Up to 20% of payroll cost
Mercury Switch Disposal - $2.50 per switch
Whole Effluent Toxicity Test Cost – 25% of cost of compliance
Methane Gas Use – 25% of the cost to use methane gas
Recycling Facility Investment – 25% of cost of constructing and annual operating
Ethanol & Biodiesel Production Cost - $0.25 per gallon
Construction of Renewable Fuel Facilities – 25% of cost
Brownfield Voluntary Cleanup Cost – 50% of cost or cash contribution
Port Volume Increase – Can be in excess of $1 million annually, State max $8 M.
Milk Production Cost - $10,000 plus $5,000 per 500,000 lbs below production price
Cost of Additive to Anhydrous Ammonia for Agriculture – Cost of additive
Cost to Participate in SC Quality Forum – 50% of participation cost
Private Utility License Fee Credit - $300,000 per year


Select one of the tabs above to learn more. Job Development Credit Cash Payments For New Jobs And Retraining - 2% - 5% of payroll Multi-County Park Incentive An additional $1,000/job/year credit for 5 years is available for qualified projects. Incentive Priced Sites Incentive Priced "Shovel Ready" Sites Complete With Infrastructure Income Tax Credits Job Creation - Up to $4,500/Job/Year for 5 years Small Business Job Creation - Special Provisions - based on month or annual emp. Research and Development Investment – 5% of Expenses Economic Impact Zone Capital Investment – 1% to 5% of Investment Corporate Headquarters Location – 20% of Cost Infrastructure Construction – Up to $10,000/Year/Project Hiring Family Independence Recipient Starts at 20% of wages paid Hiring Displaced Workers – 10% of Wages Contracting with Minority Businesses - 4% of Payments Community Development Corporation Investment – 33% of Investment Providing Child Care Services - $3,000/child and $100,000 for Facilities Land Conservation – Up to $52,500/year/gift Energy Conservation Practices - $2,500/year/measure taken Purchase of Alternative Fuel Vehicles - 20% of allowable Federal Credit Installation of Solar Energy System – Up to $3,500 Installation of Water Impoundments and Water Control – Up to $2,500 Textile Revitalization – 25% of cost Retail Facility Revitalization – 10% of the rehab cost Rehab of a Certified Historic Structure – 10% of rehab cost Habitat Management – 50% of cost Investments in Venture Capital Funds – Amount of investment, total of $20 million for State Investing in Industry Partnership Fund - 100% of contribution Investing in Palmetto Seed Capital Fund – 30% of investment Motion Picture Project – 20% of project cost Motion Picture Facilities – 20% of investment Media Commercial Production Credit – 10% of cost Motion Picture Payroll Rebate – Up to 20% of payroll cost Mercury Switch Disposal - $2.50 per switch Whole Effluent Toxicity Test Cost – 25% of cost of compliance Methane Gas Use – 25% of the cost to use methane gas Recycling Facility Investment – 25% of cost of constructing and annual operating Ethanol & Biodiesel Production Cost - $0.25 per gallon Construction of Renewable Fuel Facilities – 25% of cost Brownfield Voluntary Cleanup Cost – 50% of cost or cash contribution Port Volume Increase – Can be in excess of $1 million annually, State max $8 M. Milk Production Cost - $10,000 plus $5,000 per 500,000 lbs below production price Cost of Additive to Anhydrous Ammonia for Agriculture – Cost of additive Cost to Participate in SC Quality Forum – 50% of participation cost Private Utility License Fee Credit - $300,000 per year Property Tax Reduction Five Year Moratorium on Ordinary County Taxes Revitalization of Textile Facilities - Up to 75% of Property Tax forgiven Retail Facility Revitalization - Up to 75% of Property Tax forgiven A NEGOTIATED FEE IN LIEU OF TAX PAYMENTS - 43% to 62% Reduction Based on Project Size Sales Tax Exemption Manufacturing Machinery, Equipment and Replacement Parts Energy Used in Manufacturing Process Motion Picture Production Equipment Alternative Fuels Vehicle Rebate Construction and Operation of a Recycling Facility