South Carolina Tax Incentives

What to do when the Affordable Care Act Impacts Case Settlements:
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One of the likely unintended consequences of the Affordable Care Act is that Special Need Trusts may be impacted due to settlement criteria that can be based on past, present, and future medical needs.

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South Carolina Tax Incentives

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Apprenticeship Carolina

Apprenticeship Carolina works to ensure all employers in South Carolina have access to the information and technical assistance they need to create demand-driven registered apprenticeship programs. Apprenticeship consultants are available, at no charge to employers, to guide companies through the registered apprenticeship development process from initial information to full recognition in the national Registered Apprenticeship System.

The worker being hired as an apprentice can be someone with a disability who requires this type of instruction to begin a successful career.

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Apprentice Tax Credit

Eligible businesses can receive a South Carolina tax credit of $1,000 for each registered apprentice employed for at least seven months during each year of an kidsapprentice's program, for up to four years of such a program.

Apprenticeship Tax Credit Form PDF

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Assistive Technology Resource, Demonstration, Equipment Loan Center

At the Equipment Loan Center, a consumer can try many different kinds of assistive technology for employment, education and daily living.

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Business Development Corporation of South Carolina

Business Development Corporation of SC was established in 1958 by the South Carolina State Legislature to promote business and industry within the state. Business Development Corporation is a non-bank commercial lending company specializing in the SBA 7(a) loan guaranty program.

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Business Services

As a workforce development partner, Vocational Rehabilitation can help a business achieve its competitive advantage by developing qualified job candidates who are trained in a wide variety of skills and have the good work habits that companies value.

Employers from every job sector, including federal contractors, indicate that hiring Vocational Rehabilitation clients helps them reduce training costs and increase job retention rates, while improving workforce diversity.

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Industrial Revenue Bond Program

Jobs-Economic Development Authority's (JEDA) Industrial Revenue Bond Program is a tax-exempt bond that allows manufacturing facilities, 501(c)(3) organizations and solid waste disposal facilities access to capital markets to finance (at sub-Prime interest rates) their economic development related projects.

Industrial Revenue Bond Program Brochure PDF

Industrial Revenue Bond Program Application PDF

Industrial Revenue Bond Program Application DOC

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Microsoft Accessibility Resource Center

A Microsoft Accessibility Resource Center provides expert consultation on assistive technology and accessibility features built into Microsoft products. Their specialists understand how disabilities impact computer users and are trained to evaluate the needs of the person with the disability. Some centers offer computer training and many organizations have lending libraries, so a consumer can try a product before purchasing it.

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SBA 504 Debenture Program

BDC provides the SBA 504 Loan Program through its associated company Certified Development Corporation(CDC). CDC is a private, non-profit corporation designed to encourage economic development in South Carolina by working with the SBA and private sector lenders to provide attractive financing options for small businesses in need of expansion and/or acquisitions of long term assets such as real estate and long-life equipment.

Making a facility ADA compliant is a prudent use of this loan and will increase employment opportunities workers with disabilities.

SBA 504 Debenture Program Brochure PDF

SBA 504 Debenture Program Checklist PDF

SBA 504 Debenture Program Application PDF

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SBA 7(a) Loan Guaranty Program

SBA 7(a) loans are the most commonly used type of SBA loan given the various financing options available. In addition, this is the most flexible of all the SBA loan programs, since funds may be used for a variety of general business purposes.

Modernizing a work space to make it wheelchair accessible or acquiring a building that is ADA compliant are appropriate uses of this loan.

SBA 7 (a) Loan Guarantee Program Brochure PDF

SBA 504 Debenture Program Checklist PDF

SBA 7 (a) Loan Guarantee Program Application PDF

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SC Capital Access

The SC Capital Access Program lending program is designed to provide financial institutions operating in South Carolina a flexible and non-bureaucratic tool to make business loans that are considered more risky than conventional loans.

With the financing provided with this loan, a small company can reach its full potential, which could include jobs for workers with disabilities.

Capital Access Program Brochure PDF

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SC Large Capital Access Program

The U.S. Department of Treasury and South Carolina Jobs-Economic Development Authority have been approved for the South Carolina State Small Business Credit Initiative Capital Access Program. The SC Large Capital Access Program, which supports state-level, small business lending programs, is an important component of the Small Business Jobs Act signed into law in September 27, 2010.

Large Capital Access Program Brochure PDF

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SC State Small Business Credit Initiative SSBCI Loan Participation Program

The Small Business Credit Initiative Loan Participation program enables small businesses to obtain short to long-term financing to help businesses grow and expand. By partnering with financial institutions, this program provides small business loans at competitive terms while reducing the risk for the lender and allowing borrowers to receive financing terms that otherwise may not have been available.

The expansion generated by this loan can mean more jobs for workers with disabilities.

SC SSBCI Loan Participation Program Brochure PDF

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Second Look Program

The Business Development Corporation's Second Look Program allows a small to medium-sized business that has been declined financing to receive a "second look" at a request made to a bank for a business loan.

With this loan, a business can continue to grow and prosper. Part of the prosperity could include jobs for people with disabilities.

Second Look Program Brochure PDF

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Skilled Workforce Apprenticeship Training

The SC Vocational Rehabilitation Department’s Skilled Workforce Apprenticeship Training program provides on-the-job training and soft skills clients need to become skilled workers with good career opportunities.

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South Carolina Assistive Technology Exchange

The South Carolina Assistive Technology Exchange, an online recycling database, helps citizens with disabilities and older people find affordable assistive technology devices and equipment.

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South Carolina Assistive Technology Program

The South Carolina Assistive Technology Program (SCATP) is a federally funded program concerned with getting technology into the hands of people with disabilities so that they can live, work, learn and be a more independent part of the community. As part of a national network of technology-related assistance programs, our goal is to enhance independence, productivity and quality of life for all South Carolinians through access to assistive technology devices and services.

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South Carolina Assistive Technology Program Device Loan Program

South Carolina Assistive Technology Program Device Loan Program offers a short-term device loan program that is available to anyone in the state. The device loan program gives people a chance to try different assistive technology options before making the decision to purchase them. This program loans devices, including communication devices, adapted computer hardware, environmental control devices, aids for daily living, sensory aids, switches and adapted toys for a two-week to one month period.

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South Carolina Business Resource Guide

The South Carolina Business Resource Guide is designed to provide all types of businesses with tools and resources – including access to a variety of state, regional and local outlets – to increase their opportunity for business success. Financing a small business is also covered in this publication.

South Carolina Business Resource Guide PDF

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South Carolina Chamber of Commerce

The South Carolina Chamber of Commerce is the unified voice of business and premier advocacy organization in the state. The South Carolina Chamber creates prosperity for all citizens through an economy of increased productivity and global competitiveness.

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South Carolina Small Business Innovation Research Phase-0 Program

The South Carolina EPSCoR/IDeA Program announces the continuation of the South Carolina Small Business Innovation Research Phase-0 program to provide small businesses with seed investments to foster competitive research and development (R&D) proposal submissions. The SBIR Phase-0 program provides seed grants (up to $6,000 per proposal) to small businesses seeking Small Business Innovation Research and Small Business Technology Transfer support.

With this investment, South Carolina small businesses could perhaps employ more researchers with disabilities to oversee Research and Development projects.

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Vocational Rehabilitation Business Partnership Network

Business leaders interested in saving time and money while expanding their business opportunities and customer base are invited to join the Vocational Rehabilitation Business Partnership Network (VRBPN).

The VRBPN’s mission is to provide leadership in disability employment awareness. Its goals are to introduce businesses to the state’s most significant employment resource, highlight the advantages of hiring people with disabilities and dispel the myths surrounding the word "disability".

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