Haynsworth Sinkler Boyd's Economic Development attorneys have extensive experience in representing U.S. and foreign companies investing in South Carolina. Our Firm’s client base reaches 34 countries, including China, Germany, Italy, England, Ireland, Belgium, The Netherlands, Finland, Japan, Korea, Australia, Canada, and more. We assist clients on structuring their investment, financing, real estate matters, permitting and available economic development incentives and in the implementation of such incentives.
We are well-positioned geographically. Our Columbia office is located in the same building as the South Carolina Department of Commerce, the SC Power Team, the Central SC Alliance, and the City of Columbia and Richland County Economic Development offices and directly across the street from the State House. More importantly, our lawyers have ongoing, working relationships with key economic development officials at the regional, state, county, and local levels. In addition, we work closely with CSX Transportation, Norfolk Southern, the South Carolina Ports Authority, and Palmetto Railways, among others, to address critical transportation infrastructure needs for our clients. Our economic development lawyers also have strong relationships with utility officials to assist companies with their utility needs.
Haynsworth Sinkler Boyd is a leader in negotiating economic development and incentive transactions for clients relocating or expanding in South Carolina. In the past 10 years, our attorneys have negotiated and closed fee-in-lieu of tax transactions on projects representing billions of dollars of investment in the state. We have represented hundreds of industries and businesses, including a variety of manufacturing, distribution, energy, and knowledge-based companies. In all of these cases, we have assisted and counseled with our clients on available economic development incentives, including:
- Memorandums of Understanding (MOU’s) and Incentive Agreements
- Job Development Credits (JDC’s)
- Jobs Tax Credits
- Fee-in-Lieu of Taxes and Infrastructure Credits or Special Source Revenue Credits
- Community Development Block Grants, Set Aside Grants, and Closing Funds Grants
- Special Source Revenue Bonds
- State Income Tax Allocation and Apportionment Agreements
- Multi-County Industrial Parks
- New Market Tax Credits Transactions
- Textile Communities Revitalization Credits
- Abandoned Buildings Act Credits
- South Carolina Jobs-Economic Development Authority (JEDA) industrial revenue bonds
- Other creative financing solutions, including SBA and USDA Commercial Loans
In addition to providing full-service representation, we have also worked frequently with out-of-state firms and site selection consultants to advise them on the unique aspects of South Carolina law relating to incentive transactions.
Economic Development Update - June 2017
Economic Development Update - January 2017
Economic Development Update - December 2016
Economic Development Update - September 2016