Find the right franchise in South Carolina
South Carolina Supports Its Businesses
CNBC gives high ratings to South Carolina’s workforce, cost of doing business, and economy, while US News & World Report notes its thriving economy and fiscal stability. Of all the US states, South Carolina has the fifth highest in-migration. The growing population supports businesses in many different industries.
A major driver of South Carolina’s success in attracting new residents and businesses is its incentive system. A strong believer in the power of business incentives to bolster its economy, South Carolina has a wide variety of tax exemptions, reductions, and credits in place. Its 5% corporate income tax is one of the lowest in the region.
Tourism is a large part of the South Carolina economy, bringing in over $21 billion a year and supporting 10% of South Carolina jobs.
South Carolina is a beautiful state with plenty of support for starting and growing a business. FranNet’s experts know the Palmetto State well, and they’re ready to help you choose a business that will thrive in South Carolina.
South Carolina by the numbers
- Total population: 5,088,9161
- Median household income: $49,5012
- Per capita GDP: $37,0633
- Real value of $100 in South Carolina: $110.504
- South Carolina franchises were projected to produce an economic output of $11b from all sales of goods and services in 20185 (IHS Markit forecast for the IFA, January 2018)
Major markets in South Carolina
Franchise brands available in South Carolina
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