— Doing Business in Cherokee County

Funding
Made Flexible.

Cherokee County pairs South Carolina’s pro-business tax structure with locally negotiated incentives to deliver a compelling bottom-line advantage from day one.

5%
Corporate
Income Tax Rate
Among Southeast’s lowest
$26,000
Jobs Tax Credit Total Per Job (5 Yrs)

Up to $5,250/job/yr × 5 years

15 Yrs
Income Tax
Moratorium
For 200+ net new jobs
$0
Statewide
Property Tax
No inventory or intangibles tax
Every Incentive

Six Ways Cherokee County Maximizes Your Investment

11+
Key Exemptions

Sweeping Sales
Tax Exemptions

South Carolina removes sales tax from the inputs that matter most keeping your cost structure lean from day one.

Single
Factor Apportionment

Flat 5% Corporate
Income Tax

Only SC sales count toward income calculation not payroll or property. A major advantage for manufacturers selling outside SC.

0%
Corporate Tax During Period

Up to 15-Year
Tax Moratorium

Create 200+ net new jobs and potentially eliminate corporate income tax for up to 15 years one of the Southeast's most powerful incentives.

5 Yr
Credit Period

Up to $26,000 Per Job Created

Cherokee County's Tier IV designation delivers $4,250–$5,250 per job per year over 5 years totaling up to $26,000 per job. Designate a multi-county park to maximize the credit.

No Cap
On Tax Elimination

20% Corporate
Headquarters Credit

A direct 20% credit on HQ facility value or lease costs applied against corporate income tax with no limitation on elimination.

10 Yr
Carry Forward

5% Research &
Development Credit

Companies that increase R&D activity in SC earn a direct 5% credit on qualified research expenses against state income tax.

— Sales Tax

South Carolina Removes Tax from What Manufacturers Need Most

From production machinery to R&D equipment, SC’s sweeping sales tax exemptions eliminate cost drag before your first day of operation. These aren’t narrow carve-outs — they’re comprehensive protections built for industrial investment.

Key Advantage
Projects investing $35M+ qualify for material handling equipment exemptions. $100M+ capital investments unlock construction material exemptions too.

No Sales Tax On:

Jobs Tax Credit — Tier IV County

$26,000

total per job over 5 years

Cherokee County’s Tier IV designation delivers $5,250 per net new job per year for 5 years totaling up to $26,250 per job created. Designate a multi-county industrial park to unlock the maximum rate and offset up to 50% of your annual state corporate income tax.

Minimum jobs to qualify
10 net new
Credit begins
Year 2
Carry forward unused credits
Up to 15 yrs
Tax liability offset per year
Up to 50%
Job Development Credit

Up to $6,000

per job created

Job Development Credits are a separate SC incentive that allows qualifying companies to withhold a portion of employee state income tax to reimburse certain approved costs, including infrastructure, building, and training expenses up to $6,000 per job.

Maximum credit
Up to $6,000 / job
Maximum credit
Employee withholding
Approved uses
Infrastructure, training, building
Administered by
Up to 50%
Property Tax

No Statewide Property Tax. Local Rates. Negotiable Terms.

South Carolina levies no statewide property tax. Cherokee County’s competitive millage rates, combined with FILOT and SSRC programs, make industrial property some of the most affordable in the Southeast.

0%
Statewide Property Tax
SC levies zero statewide property tax — only local rates apply
10.5%
Manufacturer Assessment
Real & tangible personal property assessed at 10.5%
6%
FILOT Assessment Floor
Fee-in-Lieu agreement can reduce your rate to as low as 6%
FILOT — Fee-in-Lieu of Taxes

Negotiate Your Property Tax Rate Directly with the County

Cherokee County offers Fee-in-Lieu of Taxes (FILOT) agreements that can reduce your property assessment ratio to 6%, and as low as 4% for some qualified investments. Special Source Revenue Credits (SSRC) can also offset infrastructure costs — our team will help structure the right deal for your project

15

Year Tax Moratorium

100+

Jobs → 10-yr moratorium

200+
Jobs → 15-yr moratorium
90%
Investment must be in county
0%
Corp income tax during period
— Tax Moratorium

One of the Most Powerful Incentives in the Southeast

Companies creating net new jobs in Cherokee County may qualify for a complete corporate income tax moratorium not a reduction, an elimination for up to 15 years. This isn’t a narrow program. It’s a transformational deal for large employers.

How It Works

From Conversation to Custom Package — Our Team Does the Heavy Lifting

01
Contact Our Team

Tell us about your project jobs, investment, timeline, industry.

02
We Analyze Your Incentives
Our team structures the ideal combination of credits, exemptions & FILOT.
03
Custom Package Built

We coordinate with SC Commerce, local government & utilities on your behalf.Tell us about your project jobs, investment, timeline, industry.

04
Close the Deal

You invest with confidence knowing every available incentive is secured.