Business owners will be excited to learn that moving to South Carolina has many financial incentives. To attract new businesses, the state only charges 5% income tax, no state property tax, no inventory tax, no local income tax, no sales tax on equipment and finished products, as well as no wholesale tax, and no unitary tax on worldwide profits. Since the 1970’s, South Carolina’s growth rate has typically exceeded the national average, resulting in an even better outlook for prospective business owners. The cost of living in the state is also lower than the national average, a perfect investment opportunity for families as well.
Although there are no professional sports teams in state, South Carolina is still considered a great place for sports fans to move. Many residents have no problem rooting for the Carolina Panthers in the NFL, and the Charlotte Hornets in the NBA, both based in neighboring North Carolina. The city of Charleston, South Carolina is believed to have been the birthplace of American golf during 1786. Today, the state is known for its beautiful public and private golf courses, hosting several PGA Championships. Football has notoriously been very popular in the south, especially South Carolina college football. The Clemson University Tigers and the University of South Carolina Gamecocks have an intense rivalry referred to as “The Battle of the Palmetto State.” Each team draws in more than 80,000 spectators regularly at their home games. The state is also home to several minor-league teams to enjoy year-round including football, baseball, hockey, soccer and basketball.
South Carolina also has many great local shops, restaurants, and attractions perfect for people of all ages to enjoy. You will never run out of things to do in this lovely state, making it the perfect place to call home.