Doing Business in South Carolina
In South Carolina, Sweden ranks as the 21st largest international
investor and the 11th largest European Union investor.
South Carolina has the #1 rating in the U.S. for work force productivity,
and the 3rd most productive work force in the U.S. South Carolina
is a "right-to-work" state and has the lowest unionization
rate in the U.S. at 1.8%.
South Carolina provides one of the nation's most pro-business
tax and incentive structures, with:
- No state property tax
- No local income tax
- No inventory tax
- No sales tax on manufacturing machinery, industrial power
or materials for finished products
- No wholesale tax
- No unitary tax on worldwide profits
South Carolina is crisscrossed by five interstate highways
- I-85, I-26, I-77, I-95 and I-20 - that provide
excellent east-west
and
north-south access. The locations and intersections
of these interstates, combined with 64,000 miles of South
Carolinas
state highways, provide
excellent access to the state's ports and to business
and consumer markets in all directions.
South Carolina has the second highest percentage of citizens working
for internationally owned companies, second only to Hawaii.
During the decade of the '90s South Carolina has seen more than
$16 billion in investment and creation of more than 49,000 new
jobs by international companies.
The Department of Commerce currently has a European
Office in
Munich, Germany.
Source: www.teamsc.com - South Carolina Department of Commerce
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