TheLink logo header image American Spirit Home Page Sumter Smarter Growth Initiative
Job Development Credit

The State Job Development Credit is a valuable incentive that is a quarterly cash refund of employee withholding tax. The incentive is generally available for 10 years. JDCs require application by the company and is a discretionary incentive, rather than a statutory incentive. If approved by the state's Coordinating Council for Economic Development, the credits start once a company meets its jobs and investment goals.

Job Development Credit Program Eligibility Criteria

  • Minimum of 10 new jobs with healthcare benefits;
  • Positive cost/benefit analysis;
  • Company financially viable and creditworthy;
  • Wages for new jobs equal or above county per capita ($14.65/hour in 2010);
  • $4,000 application fee and $500 annual renewal fee;
  • Approval by SC Coordinating Council for Economic Development.

Job Development Credit Potential Value

  • Up to 2-5% rebate of employee's wages subject to SC withholding;
  • 55-100% of maximum, depending on county status;
  • Capped At: Value of eligible capital costs;
  • Eligible Costs:
    • Utility system upgrades;
    • Fixed transportation facilities;
    • Real estate (site/building improvements);
    • Manufacturing pollution control equipment;
    • Approved training costs - Employee relocation expenses for technology intensive facilities, R&D and certain corporate headquarters.

Black River Spec Building 4
Black River Spec Building 4

This 104,600SF spec facility can cut up to a year off a company’s startup time. Owned by Sumter County and located in Sumter’s Black River Airport Industrial Park, this flexible and expandable facility has all utilities available. Click the photo for details.

Click the photo for details.

Search All Properties
Become an Investor
  Contact Us 32 E. Calhoun St. Sumter, SC 29150
(800) 888-7926 | (803) 418-0700
© 2017 Sumter Economic Development
Website by Marketing Alliance, Inc.