Since the early 20th century, South Carolina has been home to a robust textiles industry, large-scale agricultural production and a strong tourism sector. The state is particularly favorable to corporate investment, thanks to a 5 percent corporate tax rate and no state taxes on property, income, or inventory, and no sales tax on industrial equipment and materials purchases. South Carolina enjoys a long coastal plain on the Atlantic Ocean and the Blue Ridge mountains, making the state geographically diverse and attractive to those who love the outdoors. In this research brief we will review some of the financing and business support programs available to enterprises based in the state, and provide links to find out more about these programs.
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