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development assistance
Façade Improvement Program
Provides a grant of up to 20% of total renovation
and new construction costs, with a $10,000
maximum award, for façade improvements
to buildings within the Pleasantburg Drive
Corridor Plan Overlay District.
Upper Story Housing Loan
Provides low interest loans to create or rehabilitate
residential units in the upper stories of
buildings in the Central Business District
or the West End Tax Increment District. Contact
participating lenders for more information:
First Citizens, Wachovia, Bank of America,
Regions Bank, Summit National and SouthTrust
Bank.
Community Development Revitalization
Programs
Provide financial and technical assistance
for repairs to owner and renter occupied residential
structures, as well as homebuyer education
and mortgage assistance, in the City's Special
Emphasis Neighborhoods.
Land Assembly
and Infrastructure Improvements
Provides City assistance with land assemblage
and infrastructure improvements to leverage
qualified private investment.
Historic Rehabilitation
Federal Tax Credit
Provides 20% federal income tax credit on
substantial rehabilitation costs and 27.5
years for depreciation of improvements to
historic buildings used for rental residential
property for at least 5 years. Administered
through the SC
Department of Archives and History, with
eligibility sign-off by the City.
Special Property Tax
Assessments for Rehabilitated Historic Buildings
Provides a special assessment for city and
county property taxes on historic buildings
that have been substantially rehabilitated
under the guidelines of the SC Department
of Archives and History. After rehabilitation,
property is taxed for 8 years at the greater
of 40% of post-rehabilitation assessment or
100% of pre-rehabilitation assessment. Administered
through the
State's Department of Archives and History
with eligibility sign-off by the City and
County.
Brownfields Federal
Tax Incentive (Deduction)
Provides a federal tax deduction for certain
costs incurred to assess and clean up contaminated
property. Click
here for more information.
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Brownfields
Cleanup Revolving Loan Fund (BCRLF)
State program that provides loans of up to
$900,000 at 2% below prime for the cleanup
of brownfield sites. Administered by SC DHEC
through a federal grant from Environmental
Protection Agency. For more information, contact
SC DHEC, (803) 896-4069 or Business Carolina,
(803) 461-3800.
SC Voluntary
Cleanup Program (VCP)
State program that provides provides CERCLA
liability protection to Non-Responsible Parties
interesting in purchasing Brownfields sites.
Also provides an incentive to Responsible
Parties with a covenant not to sue for work
performed in cleaning up a site. Administered
through the South
Carolina Department of Health and Environmental
Control SCDHEC.
business assistance
Business License Tax
Abatement
Provides a graduated 3-year abatement of the
City business license fee for new corporate
offices, manufacturing, research and development,
and technology services on a city-wide basis.
Abatement also available to retail, artists,
and professional services in designated areas.
The abatement allows for 100% of the tax the
first year the business is in operation, 66%
in the second year, and 33% in the third year.
Beginning in the fourth year of operation,
the business license tax is paid. Click here for more information.
LADDER
A comprehensive job
training/placement program to reduce barriers
qualified residents face in accessing employment
opportunities, including education, training,
child care transportation, uniforms, and tools.
South Carolina Jobs-Economic
Development Authority (JEDA) Loans and Bond
Programs
Click
here for more information.
South Carolina State
Incentives
Click
here for the Greenville Area Development
Corporation website.
Additional Contact
Information for Small Business Assistance
Click here
to download a listing of small business assistance
phone numbers.
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