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SC
South Carolina Job Development Credit
Discretionary withholding tax credit for approved job creation and investment projects.
About this program
The Job Development Credit is a discretionary incentive that can refund a portion of employee withholding taxes to offset eligible project costs for approved companies creating jobs and investing in South Carolina.
Eligibility
Approved companies creating qualifying jobs and making eligible investment in South Carolina, including eligible Fountain Inn projects with state approval.
Requirements
- Apply to South Carolina Coordinating Council for Economic Development before project commitments
- Meet job creation, wage, investment, and project cost requirements
- Execute agreement and document eligible expenses, jobs, and withholding claims