Kershaw County Economic Development Office | 80 Campus Dr. | P.O. Box 763 Camden, SC 29021 | Tel: 803-425-7685 | Fax: 803-425-7687 | econ.develop@kershaw.sc.gov
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TAX INSIGHT: PRO BUSINESS STRUCTURE

With one of the lowest corporate tax rates in the nation, highly competitive wages for workers and low unionization, it’s no wonder South Carolina is consistently ranked among the most pro-business states in the USA. In addition, South Carolina offers a wealth of opportunities so that businesses can maintain low operating costs. One of the best ways to do that is to keep your corporate tax burden low – and in many cases – non-existent. Our Economic Development Office will be glad to provide the details.

Pro Business structure helps control & maintain operating costs.

  • 5% corporate tax rate - one of the lowest tax rates in the Southeast

  • No sales tax on manufacturing equipment, industrial power, or materials for finished products

  • No state property taxes or local income taxes

  • No inventory, wholesale, or unitary taxes on worldwide profits

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"Since its inception, readySC has been a key component of South Carolina's economic development efforts and is recognized nationally as the premier program of its kind. Over the years, the level and complexity of skills required by companies have changed, but readySC's overall goal has remained constant. We make certain our client organizations - large or small - have the right people with the right knowledge, skills, and abilities in place at the right time for a quick and successful start-up or expansion. Our strategy works. Over the past 50 years, readySC has trained more than 280,000 South Carolinians for jobs in our state for over 2,000 different companies."
-- Jim Shrift, readySC Area Director