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.