South Carolina holds the #10 spot in the 2024 Chief Executive Best & Worst States for Business rankings. Last year was a record-breaking year for the state regarding economic development, with more than $10.27 billion in capital investments and 14,083 new jobs. Patton Seed Company, Normont Motion Technology, PDM US, Pallidus and Erchonia all announced headquarters relocations here in the past year. Cathode battery manufacturer Redwood Materials announced in December 2022 a $3.5 billion manufacturing facility and 1,500 new jobs in Berkeley County, the largest economic development project in the state’s history. Electric vehicle manufacturer Scout Motors also announced a $2 billion manufacturing plant in Blythewood that could create 4,000 permanent jobs.
Corporate Headquarters Tax Credit: Offers a tax credit of up to 20% of the value of the portion of the facility dedicated to headquarters operation. To qualify, the business must create at least 40 full-time jobs, with 20 of those jobs classified as headquarters staff positions.
Investment Tax Credit: Offers a tax credit of up to 2.5% of investment in new production equipment to manufacturers locating or expanding in the state.
Jobs Tax Credit: Offers a credit of $1,500 to $2,500 per job for businesses that create a monthly average of at least 10 net new jobs at a corporate headquarters, manufacturing, distribution, processing, warehousing or R&D facility. Additional $1,000 per job bonus for companies that locate in a multi-county industrial park.
Job Development Credit: Offers a quarterly cash refund of a portion of the personal withholding taxes of new employees, up to $3,250 per new employee per year for up to 10 years.
ReadySC and Apprenticeship Carolina: Offers recruiting, training and workforce development tools through the South Carolina Technical College System. Eligible business also receive a tax credit of up to $1,000 foreach registered apprentice. Credit may be claimed for up to four years.
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In October 2022, Executive Order 2022-31 developed an interagency working group of six state agencies, collaborating with stakeholders and local governments to develop a comprehensive plan regarding electric vehicles related resources and infrastructure. Part of that included enhancing the state’s EV business development and recruiting and launching an EV-focused website, scpowersev.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
