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Land in SC: The Ultimate Business Asset

Commercial Real Estate


Investing in South Carolina

Business-friendly South Carolina is the perfect place to start, expand or invest. Repeatedly listed as a 'Top State' for locational advantages by Area Development magazine, South Carolina is quickly becoming a hotbed for growth in various industries.

Top 10 States in Percent Growth: 2021 to 2022
 

*3rd Fastest Growing State in 2022 based on data from the U.S. Census Bureau.

Rank

Geographic Area

April 1, 2020

(Est. Base)

July 1, 2021

July 1, 2022

Percent Growth

1

Florida

21,538,226

21,828,069

22,244,823

1.9%

2

Idaho

1,839,092

1,904,314

1,939,033

1.8%

3

South Carolina

5,118,429

5,193,266

5,282,634

1.7%

Reasons for Success in The Palmetto State

Professional Perks to Consider

South Carolina is the perfect place to setup shop. Some of the perks include the affordable cost of living, manufacturing supply chains, diverse economic sectors, and a booming tourism industry. There is also an abundance of readily available land with significant tax advantages.

Land in S.C. is ripe with opportunity.




SC Tax Advantages

Here are seven statutory benefits businesses can expect:

  • No property tax 
  • No local income tax 
  • No inventory tax 
  • No wholesale tax 
  • No sales tax on manufacturing machinery, industrial power or materials for finished products 
  • No unitary tax on worldwide profits 
  • A favorable corporate income tax structure 

Source: Livability.com/SC


Local Trusted Lending

Whether you're looking to setup a new business, purchase office space, expand to a multi-site operation, or finance your own manufacturing site, Carolina Bank can provide a dedicated team of lending experts to accomplish your commercial goals.

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