CHARLESTON, SC—The recently passed SCEDA Bill creates new opportunities for certain businesses looking to locate new operations or expand business operations in South Carolina. The economic development incentives bill was championed by the South Carolina Economic Developers Association and approved, over a gubernatorial veto, by the South Carolina General Assembly.
Womble Bond Dickinson Economic Development attorney Stephanie Yarbrough has written a new article on the SCEDA Bill for Law360. In the article, Yarbrough explains such aspects of the SCEDA Bill as:
- Incentives for professional services and office jobs;
- Incentives for agricultural operations;
- Discretionary incentives;
- Port volume increase credit;
- Retraining assistance; and
- Fee-in-lieu of tax incentives.
Yarbrough is a SCEDA board member and chair of the SCEDA Legislative Committee. SCEDA lobbyists Sunnie Harmon and John DeWorken worked on this initiative with SCEDA.
In addition, Yarbrough wrote a Womble Bond Dickinson client alert about the SCEDA Bill. Click here to read “South Carolina Legislative Updates: SCEDA Bill and Tax Conformity Bill”.
Stephanie Yarbrough has played a role in many of South Carolina’s largest economic development deals of the past 20 years. She works closely with companies seeking to expand or relocate operations to the Carolinas and the Southeastern United States. Her efforts on behalf of clients have led to the creation of thousands of new jobs and billions of dollars in new investments. When the New York Times profiled Charleston’s economic boom in 2017, Yarbrough was one of the local leaders the Times turned to for insight.