Enterprise Zone Retraining Credit Program (South Carolina)
Last modified on February 12, 2015.
|Applies to States or Provinces||South Carolina|
|Name||Enterprise Zone Retraining Credit Program (South Carolina)|
|Policy Category||Financial Incentive|
|Policy Type||Enterprise Zone, Training/Technical Assistance|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
The Enterprise Zone Retraining Credit Program is a discretionary incentive that helps existing industries maintain their competitive edge and retain their existing workforce by allowing them to claim a Retraining Credit for existing production employees. If approved for the Enterprise Zone Retraining Credit, companies can reimburse themselves up to 50% of approved training costs for eligible production workers (not to exceed $500 per person per year). This program is also overseen by the Coordinating Council for Economic Development.
|Department||South Carolina Department of Commerce|
|Address||1201 Main Street, Suite 1600|
|Place||Columbia, South Carolina|
|Phone 2||(800) 868-7232|