jo lnt resolution resolution of ~artnership for the … · 2019-04-12 · jo lnt resolution...
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JO lNT RESOLUTION
RESOLUTION OF ~ARTNERSH IP FOR THE PURPOSE OF ECONO~·UC DEVELO'Pl-1ENT BETWEEN THE lOWN OF BLUFFTON AND BEAUFORT COUNlTV I
WHEREAS, lhe Town or 51ufnofl [ the- Tl:wm"] and E!IE:aufort C:aunty (Lhc '"County") se~'k tl) im::reas-e the ell;onom u: pro.'i~ntv f,gr ull cf their re-sldell t:s throLigh sustuln&~bre
cccocmlc de11elogment Initiatives~ and
WHEREAS, th~ Tow11 aml County ot:km:h'.ll age that cffccliv"" etanom1e dcvt!lopmen i:S tlesUlCcompllshed through Joint govemmental nfforts: and
\'IHEREt~S, lht! Town es currently ~:ngag~ \· .. •lh a PI05pect interc:stcd In lin.! rt! lenlion of .3nll O't:!.-JUon cf joos ,.1nhJn t.nc Countv: and
WHEREAS, a rompafl'p', La b~ ~ f"IIJIWn Fer tile t1rne b.elruJ a!i ProJect Pil!IJJl5, ac:l.ing ror 1ts~1r~ tJnu or mor~ nrflhates or other project sponsms ( the .. Compan•(' ) proposC".s to e!iit<!bllsh ilnd/Or" tXrHmd ce-rtall'\ rlJclllt~~,. (the • ProJect ")within I he To\"4n; and
WHEREAS, lhc Company anUclpale-:5 lha l, --hould Its fllilll~ proceed a5 el'Cpe.:ted, the Proj~ct ''Ani result in Investment oF ut leaS:t $U.OOD,OOO, the retenUon of a.pp..-olillmilltely llO job!'. l:n B~i.lurart Cot~nLy, the rii!loc.ataon uJ a.j;Jpro:.clm~tely 40 JobS from an out ·otKstate facllil"l lc e~aurort County_ and Ltle Cl'eauon ,of i1.1opproximat~ly 100 new JObs ov1u lhQ r1rsl S ye01~ of [amp JW cJrpillll5lon; iimd
WHEREAS, the Compi3JlY hilS e~q:m5sed lnt«!:ruSL In be•n'iJ co-l~atcd "'• tn other technology intet'ISJVe c;:ampanies ... ..t,ere "S.yn~rtJi abound; and
WHEREAS, the Town has det~rmane:d lh 1 the most sppropnate 51te for Si!l!d Fro)E!'tt \0 talc:~ p-1ate Is w1U11n Lhe Hay Rlvur Tcth Pilt ., \'ihl!:.-, l'i part o r th£!' Bucll;:willter Plac~ portion of the ~UIL~-Couoty lnthJ51rii:df8usmt!SS Po1tk; l!nd
NOW, THEREFORE1 BE IT RE.SD VED, BY TI-~E TQlNN OF BtUFFTON TOWrJ COUNCIL AND THE 6E.t\UFORT CDW\fr¥' COUNC[L AS FOl lOWS:
1 Beau rort CI'Jun ly C!g ruL.::.!i lo:
a. Partlclpa L.e in m!gahnt•cn.s for tlle Proj~c:t, as. iliP phca bte;
b . Dc1.C!!m11nc olf1d ma D\'Drl ble ny ecGI'IO'mlt deu,elcpment in~otlves rfor c:ons~acratran~ and
2. The io~ ... n or Blurflan agroes La :
il. FtJ II monag!!ment imd rLic;rlllallon o r the IProJecL amongs t aU p&Jrtners such a5 S1. t~ l\9e11c:lo!i, L.oc: I A a-ncJc5 arwl Uh,ll.,. pro•.ddcrs;
h Oeterm•ne and ma ·e avadabl~ Dny e-conDmi~ development tnce11Uves ror con'>iderat en ~ and
c:. Cnap~ribte in the ftJifi11JI1'"'1lt oJ n gohah!d terms, a~ appll.:abl ~
THIS RE:SOLUTIO <J SHALL Tr~Ke FULL FORCE M~O EffECT oH-:l~ \!:\ . 2DJ2.
' Oon In ma tlng dulv assembled thlr 25 day or J~w~ncJ 2012.
BEAUFORT COUNTY, SOUTH CAROUNA
tL1, tlrL-1- .1~ -Wrn. WestDn N~wton, Chctirman af BeauJcrt C:ounloy Council
(SEAL}
ATTEST:
\ j •ep 4 .c , ().,._-6_\)~.L.-aw. :.L;---
Suzann~ N. rutlnc 'i, O=:!rk tel county coune~l
( SEAL)
A"'TfST: _SJ
~~~ Scsndra Lunceford, crerk to Tthnn Council
u sa5u1Lw, Mnvor
n ~ ,"} o t 1 - ~~
JOINT RESOLUnON
RESOLUTION OF IPARTNERSHlP fOR THE PURPOSE Of ECONOf•HC DEVELOPMENT BEn'VEEN THE TOVI.'N OF BLUFFTON AND BEAUFORT COUNTY
WHEREAS, Lhe Town or BluiTlon [the "Town·) and Beaurcn County [lhe "County .. ) ~i!k l!l 1nt:11!!nsc the KDJ'Itomic pro5perlt}' for all or trm1r res dents thmugh sust:a nnbl ecor1omlc r:lev~lopmenl Ln tli!tives; and
WHEREAS, the Tovm and County Dl: ·noL'IIf!dO~ that erfl!ctlv~ economic dev..:lopment J5 besl a«..mplls.he.d ttlrocugh joint gov!:!rnmental or•ons; lind
WHEREAS, lhe Town '5o currently engaged t.."Jilh il prcspt.-c:t lnterM.tt:d in the r;:ot;!ntlon or i!nd Cr1!4!tiD" Df fODs \"dthln ltite County; a"d
~"IHEREIIS, a wmpan~·, t.;~ be nof,',n rar the 'limE bolng a~ Proj@t:t. Pants, acting Jar 1lse1f, one or mere arfll4ates or ether proji!tl ·"'pow-....ars (t.hc "Con•p~n~··) pro!Jases to ~tabllst\ a"d/or expand ce-rti'llrl Jacdllie:ll (the Project") wtU,in ll1e To~ .. n; and
WHE:RE/15, the" Comfli!ny anllt.lpalcs tha!, should lls. pJ~ns proceed it5 cxpt!cted, tht! Flroject Yllll resul t: In investment oF ill. lea5t $11,1100,000, lhe retention ar a.pprOXImillt~ly 1)0 joi:Js In Beaufor t Cl)unty. the r~lc:u:iltlor\ Of t:lppmxlm<al!!l•t ~0 Johs ri'L)tn Eln cu\-of·=-tate facflll\' to &!!au!Dr1. County, ilnd 'lh~ ~r~t10n of D pprO:Kimfl Lc ly 100 nth'fl JOb!. ovl:!!r the fii!it 5 years of compl!lnV I!)CpcnsJcnj llnrl
WUEREAS; lht!: Company hil!!i !:!xp~ssed mlel!!S\ in b!:!lng c:c·IDG!ted •1Ith "lhcr technoklg\• int~nslvt:! CDmpilni~s \'.tht!r!! synergil!:!i obound; l!lnd
WHEREAS. lhe 1own 11as dc!LcrmJned U\al tile ffii)Sil appropml!te site fo, scud Fli"CJL<CI to 'l ake place Is wlith 11 the Mi'ly Rtver Tec;ll Par'k, ~ .. ·hh::h i'S. part orthe B\Jckwalter Plnce poruo, of Lhe J'o1ulti-County h1duslrlr~I/Bus.lnQ55 Park; iii!Bd
NO\J , THEREFORE, Bf IT RESOLVED- BY THE TOWN OF SLUFFTm TOWt•J C:OUNCtL ANO THE BE:AUFOIH COUr\ITV COUUCIL AS FOlLOWS :
1. B~au rort County agrees to:
iL Participate In negotliH•ons for the ProJcr;t, as apphc:nble~
b. Dct4!nnlne tJr'ld mak:t!. uvatliJble any e<.ooomtc: development lnce!lliVC:S for ~nsldcrall on; and
c. Cooperale in the [ulflllmenl of negOti{Jl.Cd terms, ~S appiiCil!Jie.
2.. The Tm·m or BluJft(]n agrees Ia:
a. full mana9ement and racd•L lion ar lf1 • Praj~ct mcmgsl i:!ll p~rtners suth as SL Lc Ag.t!not!s, Loc:al A.ge11oes and Utility provld~r:s;
tJ. Determtne and ma~ ~: uvalltJble an\' e<onomu: de•J,elopment tncentlvl!S for tllnslaerat~-o.n ~ and
P lito :1 cr :z
t . Ccep.erat In Lhc: fulfiUm~nt cf negotialed l rm~, a"' ~ppllcable
T. c.. '"'!b rt-trS R.ESOL.UTION SHALL TAKE fULL FORCE Ar 0 EFFECT 0~~ ~-~_, 2012.
Otme in meeting duly ass mbled lhls 2.5 clay or June, 2012.
BEAUFORl COUNTY1 SOllfH CAROUNA
tl. tlct- 7- . -t Wm. WMtQn N~•"ttcn,
Chairman af Bcl!uforL County Coundl
(SEAll
ATTEST:
IJ'w ~ Dotlc In mcettng duly assembled this J~ dcv o~--,~~d:"- '012.
TOWN OF BLUFFTON. SOUTH CA.ROUNA.
(SEAL)
~~ S :mdrn Llmcertm:l, Clerk to To .·m Council
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GROWTH FRAMEWIOIRK
-_. ........
LJ.sa Sulka
fo!~yDr
011;, er Brow"' Mayar Pro rem pore
Anthon y a~ rre t Town Man.d!Jf!r
Mr. Wesl o n Ne wton
Bea u forf Cou l'll.'l Chairman
POBox ?0491 H1l ton Heild I sf and, SC. 2.99~8
D~.: ;u· Ctmirman Newcon,
Count:JI fLo'effl/JeiS
r-11dlael Raymond
Ted Huffman
Karen Li'lver-~
S;;~ l'!d'ra l.•1ncerortl
Torvn Oenr
It i~ with excitemenl t hat I reach out to \!C!U n!'gartllng il partnership opportuni('( between the Count)!, TO\"'n. ;1 nd State for etonomic development at fl.utkwn l•·er Place, our mu•tj-wuntv ind ust rial/business parlc [MCIP). As you are aware, Ca re [Orl! NatiOndl ls l ll p.osu~r child of thc~e "'conoml£ dc:v~.: h.opmc!m
parcncrlnE: efforts nd is ;11n e ... arnpre of the typeos of 5ur;oes5 we c;;(l n eX{lerience when we a•l wnrk
tosether
lihe Town of B'uffton•s r urm nUv \•.m rking '.'.tith 11 prospect, deemed Pll'oject Panls by the SC De partment of Commer~e. This company has e:tisLing oper'i:U.io1tS. l:n our County ana ht~ s outerown thf' spiKe ~ov afe In anti desires to e11 p4md to Bt.~Ck\Yillte r Pl.a~ in Be;lufort Counly or relocate Its opera1ion and jobs to
il no the: r lac.iliLV in the s.o u the as L nme i! of the essl!r tc In t..ha t the cornpilfl')' hils already set up tempcuary offil::c In S~ViUlOilh to accornmotfiiJ.(tl' 5eve.r~l addit ional new hires. It i:r.lhe d esire of t he Town of Oluftton to no( only s~ve the BO aohJs I hat curnm~ lv t!'xl~t 111 0u1 wunty, bull. i! ISCJ ..... mk w11 h the companv on the opportunlt¥ to rl!JI)C'al~ Ll,n 3Jddltion,j] l 40 Jobs, rmrn illl out-Dr-"tiUe hu:ilily fl'i Wf'll, This H!lenUon ilnd relocation f.lw' IJ.Uid brln~ I heir number o f loGJ I employees upwa rds cd 1 70 In Beaufort CotJn tv and will a llow lor Lh!!! crea'Lio n of d l1 .a clditi01 1illlOO jabs Ol.'e r the firs{ 5 y-eafs of r;ompa nv
E!JIP II:!IIOn.
Tc m akl! 1111 of~ s happe-n, we oecd Bcmlfort CoulllV ~5 11 p;;~rti')E!r with I he Town and S.ta teo. To demomtrate: our commttment tD thE! project, t he Tuwn arBiuffton is preJ)arli!d to oHLf lhe follo!Mfl! tDnce.!a!i on:Si to Pmj ct Pants:
• Foil management and r;:u:llh.atlon of 1Jle pro1ett amonBost all St~te. regionill a.n<l local p4! rtners.
includinc: c:oord~r.ated in,entive reques t:).: • Dl~counted Jand costs~ • Pa 'J1'fl'Hllll or SJWSA c,a pac:IL 'r Jc-c s; <md • RcduC:I10fill ofilpplle'Dblc.:" re S\r'l,!i.hll'llhe Tovm oi 50%
The S.C Depa rtment of Commerc;e ha~ pledged support 1hrough uedits and tra ining [ncenti~o~es valued a•
$4,D09,1GJ2. It Is h-uporlant to note that this Is. the lirslllme that iii serv~te-I"elated ·rae lity hils been offere(! Job Devehl prner.f Credits. ~JOC's~ i!nd rlemono; l rates the: Sla•e·s commiHnen1 tCJ partner wrLh us
on winnin,S 'Lhe pro,!!CL
Tluwdom D. WasM/ryton fifunlap.:Jf Building 20 Brldge Street P.O. Ba~ :J86 Bfufftcm, SotJI11 CarollnD 29910
r~Jep/Jane ( 843) 706-45{]() Pax (843) 757"6720 www. towna{bluffton.sc.g-ov
ln addil lco to your O't.'~i"al l support, we r-e Sl)e~fultv reque:!.t thJ! followl ng rorms of flni!ncfal as.sistd nt:C!
for I Ius prOjNt from 1.\eiiuFort County:
1. Cow'lty'.s concurrence for the Tl)\"l.n o l' Blurkofll to utlll:z.e our existinJ:: MClP funds fori cff-~ite lnfrastn.Jt;lure that will support not only tho- projett site, but addftional prupl!rtie$ wlthln the Tcwn ol BluHron rec::hrKl~Dgy p;rrk. Pl!nua.nt ta out jotn1 MCIP l rltereovemmelltitl Agreernent eJr:et~Jted ~Dn April 2:8. 2008, WL! hilllr! aU~d e<J an MO U th;J t de r;;l;libes I he soopE!', d~l arls, am~ ,iMncing solution for the pJoposed lnh71slruccure proJI!CL
2. Cou:nty d@Jiifl,ndllon and allm:atlon to Hte projPtl nf monies in ll.ne bu.si.r'le.!.S l •t~r\5.:! rC'>4CnUC!-S fund designated for e<onomic development nnd infranructu~e intht! County's. bul:lget.
3. Add'itl{]n,dl..,i County (Onstuettltltln (I f any ottter iwenwes of fin.iln~iiJI ~upport ttlatthe County
may lbe able to offell', indudin.g bt~~l nol rimite-d lo Rpprcpriat~ incentives ba$edi on ~3pitr~l i n\le,stment or Sl2miUio.n, job I etenlion LJnt.ll Cn.!J bon of 270, Lind saliUIC!'S llYtlfi'l(l;ln.g ai.Klve S60.000 Suth ln~:enHve5 rnay lnc:lude a Fee-ln-Ueu of Ta1 tFLLDT] agreement re.duting the assessment ration to 6% 111lth lotl@tf miJiil:gL! :md ali Spct:aal Sou'rn R~ven ue Credit [SSRC) . A demonstratkm of the value or these fW(litems, FILOT a~ 6o/., for 2Q-years with locked mill'ilge and an SSRC of l S% fQJ 5 veil n;, t:; included for vour c.an!>iclefa Uon on pagl! 9 or Lh11 ln.co tnr\l'e Summary. W(! fl!t!l dll of tiL~$(! .:JJ'@;l~ or ~uppotl ilre crltic.al ln creat ing ~n lllUJ.ctrve piJckase for the c:omr,~any a.nrJ wo~rld apr reciate vour time ly cansid'era licn of cu:r request.
Th1s project isln ~crepi ng wrttl I he emnomi1:. devE!Jorment goalsot Beaufort Counmv C~nd Lhe Tawn or OILdlton ~o increase t.he ilv~tage wQekly wage for t11~ l}rnJ.J]I)Ifcd teS:ide_nt~ of BL!~Ur(lrl\ Collnty llnd ~L!Cllllti!
111-e t..l~t llurden oJ Lbe residential property owners. wl~h l.-- the CQI,mty hy il!u:reaslng the non-res£dent~~• •.a;( ibase t11~reby dlv~rsi"'mg thl! regional eO'.I~omv.
In cJo51ng, we hope 1hal the County Is as energized by l he prospect ,of new h•gh qualify, jo.b creation and U1E!' rerent1on or 130 c_urre n't jcbs as WI!!' il r1! and iJ!ik tha L '((] u E!Jt:I!!'I:U lE! mille aUachl!'d Memo ran dum Df
Unuer!.tandlne anti ttcsc lutlon o f Suppon for l}mler.J P nts. ~n doin,e so, lp'OU bocorl'~'C {J LJt panner In LhL! process and in the project. With sincere appreciat ion rcr vour l ime and ootralooraticn,
I am,
ck&ttka"' U~a S.ulka, Mavor Town of Bluffton
A.ttachments (3)
1. Proposed! Bei! llfor1 County Resolulicn at Support 2. Proposed MCIP Ml!mOr.111durn of Undl:lf5.tJndlfiB between the Town anrl Co~mtv
3. Soudl Ca rollno [)epa rtmen t of Commerce !;)roject 1nc.ena iYe Summa I)'
Theoril1rP D. Wi1shlngton MuniopaJ BuJ/dlng 2tJ Bridge. Street P.O. 8oJt 386 BJufflDn,. South Carolina 29910
Telephone (843) 706-4500 Fa16' (843) 757-672tJ twvw. totvnafblumon.sc.gov
South Carolina
Incentive Su111mary far
Project Pants
In Beaufort County
June 1 r 2012
TABLE OF CONTENTS
SUMMARY OF POTENTIAL INCENTIVES .... ,,,_, .. , .............................................................................. - •• 3
CORPORATE INCOME TAX:ES---··----·······-................................................................................ 5
CORPORATE INCOME TAX CR.EOrTS ••. - .................................................................................. ,.,,,,,,,, •• ,,,,, 6
LOCAL PROPERTY TAXES ............................................. ............................... ............................................ 7
OFFSETTING PROPERTY TAX LIABILITY ................................................................................................ &
SALES & USE TAX AND EXEMPTIONS ............... -·····-·-·-·-···-···--·--·--·-···-·-· ... 10
JOB DEVELOPMENT PROGRAM .................................................................................... - ..................... 10
SOUTH CAROLINA'S WORKER TRAINING PROGRAM (tOildySC '"") ·····~·····~·~··· ··· ··· ···- ···· ··· ··· ··· ··· · ·· 12
2
SUMMARY OF POTEN1TIAL INCENTIVES
Thu State or 'Soulh Caraliru is pJBas~d Ia '•'•Cidl: \'• lh P'rojcd Panls as l'DU consxl:er expanrung your ~~;rvl C. Ly n BeauiC111 Ct~~t~nty, Saw.tJ Csroina. South CarClllnr1 ls a leader in bu$iness nd COI'loCITliC' du11uk: pmt:nl F'rom rllr'IO\\,bd •.•:otkfarcu 11'31nlng muthmk., unpar"dll od bul:llnt:! s::. ta ~net:<nllvas,
unbeatable logistiCal advilntagD:li, tQ L1 bu!:.m.tSS hiur dly clirnalu, Soulh Carol:u1a oUen> a c.ollac:;oon pf fe!>(]lfi'Ce51 all •,•.-o111jng In yoor rnvlll'. On behalf or Sooth Cilrollnn .... e are plea:se-d ID out ne o number r~l irt rthv s t01 ~ h t l'roj I Pilrlt5 mrJy b«! E-llg ble
ThO ~fbtu ntl'\l~ .-na • ··'· I• h d • ~~ pro d~ belu.v "f? ~sed oo IIOfOIJII, tJon prO'It'fQ u ta Mandy- Bmwley, your prcJocl m.illl.d{Je r. o1tlrlaromlly o r In 't'.nl ing Thus ko:r- M"&Un)p1i0r'l~ r DIS rol1a'IIS:
• Pn!Jiac~ Pants a ~c~ t:rwpor.uion, ... II O.Kpand I~ 5CI'\I!CC faCihty •f' Bo:~ufort Ccun1y, Soulh Cnrohn.a
• Pn:Jt-l'!l:t Panr:.. Will .mrc .. t S11,S2J,213 lo lh~ pmjed or .... hidl 59.500,500 ..... be in real propeny (lanQ andl building) and $2,022,713 ··• bo In IMg Ill per .• onat JlUipoert)' ~mnchin'E!I"\' and equ,pmen1).
3
Summary of Poten1ial lncentives Project Pants
Beaufort County
Jncenliw Type STATE INCENDVES
kwiJJs Corporate Income Tax
Job Tax Credits
Rebates Job Development Credit
LDCAJ....IblCEbliJVES F!r.opeay Tax lnoontiyes Fee·ln·Ueu of Property Tax
DUrer
Special Source Reverue Credit
QTHER INCENTIVES readySCN
Total Value of AJIIncenUves
Availability lncenUve Value
5 Years $1.200,000
10 Years $2,599,102
20 Years $383,345
5 Years $347,036
Variable $210,000
$4,739,483
Ptcose note. $10to JtJCentlve$ aro coot11gent upon subnH!$/on of all t«luh'od documentation, staff rtMO\V. fultirtn~ ol eb'gibN11)1 tequimment.J. Md the cOtlCNf.IOr1$ ol etiCh fJf09fl'nf. The telewlnt statutory pra.,isions and apMcy guktelioos must bo rtMo-.'tOd tor a run ~Mdlng of lhe term' and conditions of eoch UleentM!. The lnrcenrtws presented in lhis rcpotf .,. pcrlom~ based and toJII incroaso or dOCI'Olt$0 in dirOCf propoti/Oil \\tth job,, ooges. andlot actv{lt ll'ft""'lmerlt n~e Soutll Camlirm Deparl.menl of CommeJCe Is not authorized lo offer doflrN11..., lax C(JrumJtmonts - OOiy tllo South Co!OJ!na
Dcprutmoor of RoVOt)UO, 1110 local eJected county councD, and '''o Sourh C111oHna Coc!vdfnating CouncN for Economic O.VOJopmoor ll.:rvo the Mhonry 10 dO so tNX1er South Carollllll lmv. This synopsis shodd Ottiy bo us«< by lhe corit(Jtlfly to eu#t Jtl tltelr elll!lc.IMJon of South Cai06no taxes and int:ontJvo.s. Assumptions undo/tying tho GniVylCI OIV Jdenl/lletl at'ld shoukl be taken lnlo
I«<Ult by the eotr!P811Y.
4
CORPORATE INCOME TAXES
Ptoiec& Pants• Stolle COIPOtOtO irltol'l\0 tax f$ b3S.OCI pnml'Jnfy on federal gross and taxable Income: Companies engaged in mu1b-stale activ1tle3 will onty pay taxes on l.he inoome denved from buslne:ss actMty condue1ed ;., Soulh C.:.tor.\a.
As the graph on lho righl lllustralos, South Carolina has the lowest cOfporate income tax among the stt~tes eompellng most frequenUy with South CO'IIotinot
C.1kulalin9 Corporate Income - The Fw5t Steo !n Loweong !a• Uabil!tv
!1'0 first $l.ep to maii\W.In!ng tow corporate incomo
•• I •• •• •• n.
" ... , .. I ... ... ... true liabilities is the state'• tqmu.lla for ealculal.lng oo~porate income. Project Pants' amual corporate income is based on II'Mt ICIO\ .. .,g:
• Income allocated 10 SOllth Carolina operations f!OWell. C11VId60dS. royotiUo$, rencs, ptopeny sale gaill$ and losses, Md persooal services income); und
• Income apporlionod 10 SouUl Carollno - Secavse Protect Pants s not engaged fl manufacturing, se.,g, or dlstribuling tangible personal propor1y. but is nsteOO a seMee ~'15ed business, Project Pants wtll be taxed usang a gross receipts forrnu&<:l. ThiS fOrrnulo uses gross rocoipes from wtthln SOulh Catolna tts compared to to1EU gross receipts from «wc.ywht.'fo during l;b(e taxnble yoar
A 5% oorpotate income tax rate 15 applied to the &urn of U\Me inCOmos. The fOSUitu·~g figure is. me compatly·s s1a1o COI'J)Of111e Income 1oues
Co!oO!iiiO UoAnse Tax
N. companies mU$t pay ~;~n nnou.11 corporate lioensC't tox. Tho roto is $15.00 ~$ 5100 for each $1,000 o1 capital siOck tlnd pald .. ln or captl&l surplus For mlili-Slale corporations. the lloonso ~x Is dotetm~ed by appa1iorvnenl in the same mannor omi)IOyed In computing apportioned corpcxaiD income.
5
JIJWJr re'ilewing the lnlormat.on PfO\IIded 10 us. we have eondudOd Chat the folaowiog lnc:enliYes may be applicable to Projed Panls should you decide lo kJcate in Beaufort County.
CORPORATE INCOME TAX CREDITS
Job Tax Credils
6y crea!ing new jobs in Soulh Catoina, Project Pants is eligible fot a tax credil against annual corporate Income tax lability. The vatuG ot these CtOdses Is dotermnect by lhe d~ent cllf ol the councy and the number af jobs aeated. Beaufort County is wnenlfy a Tter I cot.r~ty, providing an annual ctedit of ~per Job. SoaufDt' Coul\1y IY.Is agreed 10 deslgnnle the site ns a "multl-munty lndustriat p;v~~:: This designaiJon allows P(()ljecl Pttnlt to toke edvnnLage Q( an a(kllliQI\al S I ,000 per net new fob - me:~nlng ,
Job Tax. Credits of~ ar& avatl<tble.
The aedil is availabto for a livo·yOt\1' period be!Jinning with Ye;1r 2 (Ye01r 1 Is 1.1.$ed to establtsh lhe crc::ued Job levels). Credits can be used 10 orrset Projocl PMIS' aMui'll state corporate Income l~iC ll;'lblllt)' by up to 5~. Unused credits can be carried IOfWard fof UJJ to 15 years.
Cutrenlly, Project Pants can qualiy for Job Tax Credils as a seMCe;e&ated f<'K:1!1ty by trMLing;
• a rnonthty averoge of 250 net now job$ at ono locabon in a SIO(Jie t3xable ye;Jr:
• a monthty awrago ot 125 not new Jobs a1 one location In a singlo lrucablo year. wiU1 an avurngo ca&tl campensalion of mao than 1.5 limes 8eoof011 County's per capita Income or the stale per capita Income. whichever ts lower;
• a rnot'lthty cwemge of 75 net now pobs ae one local-on In a smgle taxable year wt.lh an average cash compenS&Iion of mote than 2 tirnO:S Beaukwt Counlys per cnp1ta lnoome or lhc sh:ue per capita Income, ~'lchever Is lower; or
• o monthfy ovemge of 30 nel new jobs al ono loealiOI'I in a aingkl la.Xable yet~r wllh ttn avetl'ge cash oompenso!ioo or mate than 2.5 times Beaufort County'.J pOt copu.a Income 0t U'e suuo pOt C3Pietl income, whlduwer islo•NOf
Note.: Under •gisiOuon 0~1 has been recenlty apprCNed by the South Carolina House of Ropresenlattves and Senate, the ttvesholds for nul nO\" ;cos Will be reduced to 115, 100. 50 and 25, respectively The logislotlon will take effect upon approval by lhe Govomor
The tufr(tf'll pet C31)11{1 Income of Beaofor1 Couruy Is S21.22, and lhe current per capita income olthe Stale isS 16.23.
The nll'nber of ·now fobs~ is detcrm1110<1 ae the ond ot ead'l true )'O<W. M the net difference bet~n the JoiiC>'>'Ang:
• the monthly avernge number of ful·llme employees subjec.t 10 South Carolina income tax wrthholding, in tho applicable coun1y fOt thO currenlltlX )'e31": end
• the monthl-y overoge num bor of full~ time employees In the applicable county lor lhe priot lax year. Tho na-t increase equals tho numbOf of net new fobs created:
Businesses et193!JOCI In legOlJ. accountmg , ln~estmenc s.erv~ces. or tetal &ales camot qualify under lhis deli'litian.
6
BeGluse Projt!cl Pants ~._ I creala tess th.Jl1 25 Jobs m Y 1 at ~"fill 001 h alllo to called Job Tax Cn:Clli~ on 'those JObs ~s ;,a s-erv•ce ro ~ly Th ~ owing 'a lo lllu&lratos lflo valuf3 at Job Ta:c Cl'i?dils assum1ng lhu croallan or SIB nul mw .. jobs aver L years. This table Is based DI1 the assumpln');, thaL PrajocL Panlli qua ftes fnr Job TEl-" Gred ts ln ac:ron:l.'lllce ~"'lth Lhe pro'!113MJn:3 se't forth abo•1a.
[llustmtfon of Estfm led Job Tax C red' its
Prolad Pants Be~urcrrt County
Credil Number or Job CredHs
1 Net Appflc;abi'P-
Ani'I.Ja~
Tolal
2 Esaabfish Qualification ror Credit l $2,5Cl0 46 S 1' 15,000 •f S2 ,500 60 s 1 50 .ooo 5 2 ,500 75 1 9'7,500 6 2,500 96 S24 0.000 1 S2.500 96 524 o.ooo B S2.500 50 $125,000 9 s 2,5011 36 $90,000 1 o S2.501l 21 S52,500
'fotnl ViJ iu:e P~ ii!ld ;mt • UliJ number ai ne •• JOOS ;s r;a!(;UfiJJQrl 0 ° rho I ifr4r,, ~" u, UL 0 mpg manrt~y Ol'f1nll.l,V'J11 nr fiGr!l MU )'U.! r ta Utu Plti.d SJfOtftli tJ; " •• mb.-r 01 )ob!!. clu •• ti!t/ L u ln. twuu or docroos£!, tha rora.l r;rtllll'!J ,•.•i't
0 uL'II.!e L111Y w lfll. cmc; ... tar t!K1s:D :-amu..mr:r lo..:: "''JiJ19 uw 8 .fori Colmolynmt.a:'ft.t ~ ~ COun.!Jo
LOCAL PROPERTY TAXES
Projoc1 P"niS. properLy taJ:es art! only IEtwed by lim local {C'.(Iunty ot\1:1/or CILyj go 'llM111! fit. UI1J1kll :JOn u ::.Latus Sculh C lin J( mpts I frmmglble pmpony from prrJiler:ly ln.xalian. Tln!:!o ract.ors am U!.tld to delermrre properly Lwrus·
• V.odue; A1J a ICfYICU~r latod r lf~y. ProJ l p !ll$4 persoa PfUP"ri.Y (mndll~. equ:p.menl , L!CC.,) rs il •,•,ed 1D dt..Yj:irOOilE annll1lRy (once i4 • placod In 1\l J llt f,1 e d by Ptojed ~ 1l ror 1f\cc.me IB:If pufJXJS.Il'S. Projecr Pillll& : tY- u \"t d 'h::~ d-. r
0
1Jt1 l:i ~ ,JI J.lt Jl ·ny rJ 1.11 Itt rD'!roduaiiCMJI g f 10% g f lho ori{J•nul fBcpMy v. u • For • lltJ!!L.nJr~n purpD:!Ie!ll, il genernl deprooml1cn role or 11% has boun uSDdo Projoct Pants' roul p1 opu~y '.'Ill h • pprnl~~
• AU l'f2 1"111; As 5111enl • 0 s•.- of •he f3fr m rl<e-t lue om lhe c.cmparay's. person.aJ property ami 6" cf Ule compan(s real property.
• MilfllrJ Rltt : Tt1 110~1 m•l ~9d r.11e ., .APJ;olloffi LD lhB assl;!ssed valu of reaJ .an pel!'!ional JlfiJP rl'/. A H1 II 1$ e(\US to so.QO 1' Tb& current m llage miD fill" the location in Baaufoo County 1.1 • ~ COilltiitf~ t;jdJ by Prajet'L P:m( i~ 0.2239.
1
OFFSElTING PROPERTY TAX UABIUTY
Fee-m-t.ie111 of Property Tal!C
South cartllil111 law aBoww B ufQI"I QlUQty •o erder- .uua a neg,.i.:~l ..J r em lor Q F ·in·U u ur local Jkopt!rty t.ues ._.,.th PmjiiGI Pan\s 1r loCal captlal inYo:i.lrnonl tG ~2 5 m1l ten Df" gmatm" The lcng ... enn sa'o'inqs cf llhe Fee-il'l-Lieu is. based Dfl lho ;::~chmJ irwe&.llnor:t and rs dependent en both lhe ~m en1 nM m tllaga raLo:r. "ego1i.aled ..... ,Itt Beaufort County
By lB\._., PfCijEJi;1 Pnnts has 5 yem~ to meet lhe mlrunum lnvestmenm lhresoold, nnd Beaurcn Calmly ean orror an additianol 5-yc;,t ~~ 11Silk:ln li:! COfllple1e Llr pro,ed F'roj PiJfits moy I• durJo !loth r •al ilnd pBJ.!ional property under lt\e Fee-m-Ueu agreement Howewl', property that has been on the taK mils in 1 t ptl '-'IOU ly. nclud R t?Jais:l ng buii'J:!Ings. is naL eJir;(ble far lhe F£e-tn-Ueu (This: restnctuon I~
'o'ilivod for comp I '"'~e:siiJlg ~ :!ddllior. I S4S m loo cr more In n&.•.r Investment 1
• Salllng$: l'il~ments lo local govemmenl arn :;jgnLILJn11)' n:~du1;0d Lhrnugh llw n UCJllaUon til .1 lo•1 s~~mef'IL rate for persamal property (frnm 10.5 .u to as low as 6a,)).
F'I'1)JeCL Fla11l8 may a~o negot sea a locked-In millage ra1~ for up to 30 ~sar:s cr u fl'w'D--yttar ad1us1able rnta for lhu p«JpurW Lh 11 • Uf)j•:d m ~hQ rae.
With a Fo~tn U u, JIICI"$011.,1 rrqper1)f dapreciotas, bu! real properly Is [ixed nL ~ha cnginal COSL tor ~he fe of llle re Hm~'IW , U1 .. COIJ Ly !J 1J1e company mny imstead prfi'Jids lhaa Bn)' real JWC(>t!rl~·
suO}eclto 100 rce may be mpcrlnd o1 JIJ; I IJlUl~ t u s del m• tJ by U\a ppr::!isB! or lh.e Soulh C.zwohn:J Dapar1menl of Rm nue and may LJO f - I ~ u~ r;.t 5 )•.ill'S .
• Planning; Paynurnls Lo IOCJI gavutf'll'n rll f~ ~I , H 'l1ed for Lhe tPfm of lhe ngmf!flterll This ul1nnn[eLy ows Projec~ Panl!i 9ref!U!r llall:ibihly ., finunclill pmnninu lor o•· lor (I ~ JO ~Oi_u s.
• Repi:Aeemonl Ptoperly; Proport~ Uml m roJ.l LJn plO •rly tJr 'flO~:.' untJ 1 •he Fee·lll·liew H>
al u.·.ed to flO ••nder lhe ngreeman1 up tc lim orignrJ.ll lneom lax bi.lt of U10 orinrn· I e praptm)' 11 1:1
m~c:lng ill ny time dur ng the agreameJ'It.
T11!l 1 lu~t , te •he mpact of U1a Fee-111-Ueu for an lnVO&ImenL ol S I i ,523 213 In a aulOrl ~f. asseumeni rn1e und a fL2239 milage Ll'itle (tccke:d for the 2.0-year I e or lhe
A 50% Special Source Revenue Credd rcll' 5 :.'tlWS i.. indudud U1 lhu Fuu 11-Lklu lu:stralicn. ThLs lncti11Live Is Grfemc'J n• ln~ dJSO'~Io11 af B~ufort Ccw1ty arw:l the Too,.., cf Blufftcn .as o. WB'J ror lhe caunty and Ultl to'rll'l ltJ as:sisl Prcjt:ltt Pants wl4n 811JOC1ilc project C05,IS nle '.•LJIUe or the credlm Is derive•1' dift:lctly lfam lhe Fee str~am pay!Ten~.
8
13 "" I ., r .. Dlm..tm
II D IIIJ1 511 ,!H
:1 11~1 ,153 sno n:~ :1 1i1 .. !1'iill' 51JO,DI .. S1!11,J!lD' !U2!1
5 lllil.~7!i 51;:<1 U!J
t 51ID~ '112D(CO
'I S•"'•.1lll 15120 !.!-1
I Si1,S 7:!1 !11~8 113
'II 11''" )liS 51-'.GD 10 Il-l l5!i $1li!,Gl.l
I 1 11AI !:U 11 IIQ]
ll n:rr,m l13.1ill
114!1 175 !li12D.(IlJ
II li 1 !50. f'1j6 51lllJTD
l15l, 17.'1 suaml Jl!:'l ,m!i !11li!Oll
I I S1~m 512ftOU
Ill li1!10,711-4 11211 ll I !)I 1158.;52 li12B IJll
ii'O Si~s;.!Bil :unum !1 Ji1til.95
n li1D3 1!il
.l li1~,1!l
511il ~Y.l
TDTAUii n..na SiUTl,lll
~1"1.1 T.a: 1.1&1:.
!)«::e J..u>d&:•' I U-JJ;.IIl l.llillln•ti\uUI!I
lllulltratlan a~r IF!HJ<~In-Liou of Propony 'f ,~x
Pn11ju r=t Pants
!J1 ,J17
J4 , 1~ S1l4.~
D.ll~
!], !1-'l
'$2, .m 'l1~i.
!2, ·1' '51<4,67! il,!l1tl ll ~l
II. 1£.7" 1 .5" G nm• s.:n U•t:l u ~ ~ 11.¥i 11.01 loll
J.SXI ~ou i13!1,o(!3 J5.)J rnn 57D3 J1]11,)1'
l5lJ ~u t;o I1J!• 1
·~ ~1l 110~ 1.1311 ,,
I! I '$1.! UU!i J13!1,)1 f
~ 15.JI liiiU lim , ~ 1m n
" IS;tl lili!J
l5l3 V;1]
!D1 W"ll I!» u !2ill
1] 11~ JUI:I~
.. ,~ l 65~
!';
.-mr P,lilll 16,&55
511.2-'l !11! l!!l!
~a·
51'!f,!HT Sl!t,D!ill 31!,1C!
~.ll1
St•. $1':1,3U
Jl~ IIE!i j.'1l,,lf
pe OO'i
P!ISU u.a: U,l.t
H , !:i51
1i84(]
'tRZIII m.11rt S.U, I II Dl,'flli n,.n1 I SilU.34!
11
"Tt.iilll H I•CEJIP11J liar.IIIUIIJ l>OIImn r i\1 Jll!.,,
!F.!i U:JI 1U5IJJII
!6r,4-l!l i1J7 4 !I q!] H ila~
ITI l1'1'm
sn.w 111.:m , ... ~}<.
• ~r: ll3T,I!J,t ,, . ·~ •·:s1 ·~4&!
5.'3l,.l!7 lit»,~
1!11:1),].17 ., :w •nair
••n:t;'i $i"ot.! li~
11-HAJG R. ~
5A1LES & USE TAX AND EXEMPTIONS
South Csrohna'$ ~le$ anti " n lnJ< rma .-s 51:~ B tdon CounLy ~by .awrllVaJ of a maJority of a:runty Yo4(lrS) a/SIS4ISJWS afl ad't.htiOJ101 I% Ictal dlprion s~es lax. Proceeds go IO'Iil'lrf.! ~fH'l~lnJdure
IITII)rovemen~ or mllbRck ol p.-openy •ro:es..
Prcjed P nl- mny bei'\Efit rn:~m tile !~ale ln ~»: mptlon on IOflq di!OL"m rlilr.ecarnJm~nla~t•~n ~rv s. indan:IJng 800 :ser.•htu:... ln addJtlon. SouU1 CatOinii furlhll!f roducns Praj.(!d ?an!S' tax burden tty pn::1 ·1dang a vatbable .safes lax cap or 5300 on the s~ or r~ase1 of auti:Jmabires, truck!; , boat.s, and ein:mtL
JOB DEVELOPMENT PROGRAM
In addiUan to lha slallJtory and local dl!icreoonary lnCunllvm;; dX~Ir d .n thu 1111tvioo ... ~O'dJ(Jn • Soolh Carolina (lf30 has Lhe Job Devalopm~l Cre<lil , ll utscrelivna:J)I 1ocenCive U1aL can address lha specificneeds of ir'Kii'a'1duul COl npar s The compooy' ~ ehq•bt ty r!Jf lhe Job Development Cn:~d.l ,.._, be as.."'e:ssed on l1 tsse--by-c;as:.a ba!ii:s
The credit is a unlqu EJ 00 1M2 li\Cll r:a11 potet W: tty r~ua!, rw 111 s.ame cnsa.s mmplefEily of{s.al, ~rtall'l npprm•ed c:apllal e.qJaru:fi! ure:s. U~o IdA cn.:t11 cr •:l fltJnrt..· Lh" eenliva i!io ttet;hte CJ qunrt~y as a dlroel ~ CQnt.rtbuUon. Pro~d. PanJs can only u;~poct to cui llC:L Job Oev lcpmeoL Cr il •rom cmployc)M 8emlng nn he1..lfl)l J.lr.tge ( t..eroro benoflt&) t l'lat i5 oqur~l Ill or moro lhon Uml ol Bu ~urort Caun1y's avcragu l•nurly w, gu Q( S21 .22 per hour Sud1 minimum \vaga rnqwDmunt will bll iJdjuslud l!ll'!!ry rive yuars lo uquaJ & uraf1 Cau 1)1'9 ... emqa hc:lllltJ' '!.'uga dS or lh(J dale or lha adjLIStmunl dS
Ud rmlned by 1 • most ctJn;;ml avallaLI daLJ
Pro· et Pa ls ""' L su~l an Appfic::allan for Qualifir;atlon fat Ern tf~ Ptogrnm lne• nt -~ to 1h Soulh Cam!Fil Coormmi!•'IO CwOCtl l'clr Eoonomlc Development. To bo olto bl 1a opply rar Jab D 'tt1IQJMI• nt Credits. as a sar.rioo-ruf.-:11 u (ac:tltl',l, p,ojed PnnL;. rnusa qualify (111' Job Tu1e Codibi s !liOt fortll ""f f1 eK2pL thaL the Jobs must bo cruu!J.:d Itt In a fLv yenr parfod Instead ar a sfngfg •~bkJ ~r In adtlr1ra:n. Pfolee1 Pnnts must J!!lDvide a benum~ petk<t~ "li.!C lndud'e!i ,, mmprehenslvi;l health plan and must pay 50o/. o~ n hglb employee·~ c:cst of beahh plan prmniums. Th" i.! fJhCtll.tOI'l ptacus· lllCII!Kies o S·I,OOO non-refundable appllctltJOfl f nnd lh.e pct~gram lh.:~s a 55(]0 annual rurs'o'ial Joa. As a general rul , a company has 30 d;;JyS rrnm llm doCu o1 appro1i01lo commit t-o the prc4B£C tn Sculltt Carnaina or1he approval fQr Job Development Cr~ts ~~ be rescinded.
0 ' 1J quallf)'lng capttal LrweslmE:nls made ·.·.1uen r~o a L r Itt~ 11 ph ~n tt:ts b en appta.'e.:.t ( nd uny Sllf1 r rn'w'O!itl11 nt~ ~:Jde r,•~IJ dtlp pnor I.e approval~ can bu c.cnstdorud P'rDJDct Panls rnoy bu fBlmbUJStid for po.rl.mr or lh~ loll01"~lll9lYpeS nf A)(po;;nd h.HE!!
• Liu ,d UCqui~IIJO..l. l.lu, tl !') c:on::.tr lte(lon, ~~1~!.fbullding rmpi"O'II6rn~nts .,eluding some l~nanl
lmpro•iaments Co il.Scdl p~Cpurty, mw In curtain t ness. !l.5e m~,
• Public and pn .•a!G ul.ilily &~'!ib:.m upg.ra LaiOOQmmu1'11ciliOn:l 1 •
• Trnnsporte!Jm1 faCJiiltes;
nCiluml ga..s, Md
• Pun.hase/acqtJII!.Itlon of ·polluLion CCin,rol oqwprncnt• {equ pmem rl!lQ(.Iic-ed 1o rneet redeml and e>lale oo .. II"Dt'Ullenl:al rnqum;mnnts ~; Dlld
·• Approved l • flln~ C0$1 not ODV ted b~ readySC'I.,., IJiiii'W'lQ Jacil1lie-s:, expert llilirur'lg, and appr nlkosh.fl pro[J.Iums;
Hl
nm agreamunl 't'tlth lho CQordlnDling Counc1l as4oblilihH Prorud PaiiL&' inve~tmont and emf*l~anl comm 1me:nts ilind comple,ion d~los uiSBd to dlllm the crOO!t and ldcniJTies e tg1bla ll!llqlefMfltures. Project Pill1t.s must mee4 the lnVi:.SUnen1 and emplo m111;111 oommitrnB':Ls before the .:;omplellan dne s.od certify to 111 Cocruiootmg Co neil O.n.c~ P.-o1ed Panlsl mei!!S Lhe 1nvestment ana Joll creattan kqe.ts OYt'na:l m the agreamanl. lhe naming " ndow lcr col cling Job D 'IV opn1 nl Cr d ls b In • Ccrnpil 11\:l)'
collect Job DeveJopment Credits rill" 10 ye.ars. PrcJad Pants n usl marnialn the in\'B~lmenl .and umplt~)'ln81'\L oommiiJnents tfurlll'lf.l the I 0 yenr penod In order to conUnue cln mlng Job De\lelcpmen1 Credits The amoon• df lhll!l .klb Otl'.'(][Qpmonl C: d•• cJ ·Jl ..Us ort ttiD (f. •• toprn nl o:.IDIU.S or t cou"Ly m ,•otllch Projt!d Pants 1.5 IJOCated, the numter oJ jobs crnatud, W1d U1o alllflf"ll!) .. 't'tlgtr rnl • JolJ Do•JL:I menl C~dat,-: r.o.·1 ll be Ol!PPed nl 53.250 m1nua!iy per emJJicYfJe.
U\ Job Oevel0f!U1ent C!redtl GBh:ulaiioo is based on thos.o CflLJra,
.. The oourl~ 't'r.l.g~ rnte pa d Lo ir1dl'w'ir:lu mpln)·r:~ (shewn In Tnbte 11, and
n ''"n f the UJLm1y (!ihc\\11 in TabiD 2.).
Tnble 1 Enterpri5D Prnfl!'jlm Wit:n•r Gp lt'l!l!!J
.t"'.>.~mge HQurly Wage.
(or Eq\Jtll ntt 1
515. 13- S22 69 .S22. 7ll • ntl gre_a[:all"
1 These valu ;.,.
Tlec l
Tiarll
i lt!I Ill
Tu!r IV Brmldatl County i •.t.Jrremfy .11 Tier I county so Projt:c.l P .lob OeveJcpnuml O"udJtS.
. ffii,Jffl R ~L
(As ~~ ol GlliiSSi Wagns)
Mi.!.rirtlann Crec!JI
4% Retained by Co ' .,~~
70%
85 I
11Xl'Yt tLS ·'ti'Outd IJ.e G.ble 10 re•ain 551){. of its catculalE!U
The fallo.·.mg u li".JII«< outli~ ~ es•amated ... a u of J b IJUOt - uptfh=fl• Cre.UI:I lor Projed Pants. This eslimals is based on the SSUiilplOl U ill Pro1ec1 Pants qu l'ies at> ill scr· .. 'fcc-rt:JDbJd I ty b)' ere ling al I '7:5 (or 50 If tile nm'l legislation gc.J5 nro rfed) neJ.'.I cb!l Wt•h an B'ierage cash ~pc!nScltlon of moru 111· 11 2 limes st{lte pe.r ctl[IJII.'1 lncame, .... ftlch i:s Um lowur m lhl case, nd 1Q"1 ;tb:-s 1 G5 ne .:1 joo!i .,, 111 wage ratus gruatur Ula., or equa l Lo I~ e a11erage ho I)' wage rate QP S21 22 in B~ilulott Co~lnLY
11
Et-Um !*d Job DaYI!lopment Cred t P ii'Olc.:; l P arlf!l
County AverDQO Wage
ber ofEmpo~ BS
lC Es;llrn:lted t-1otxtv Wage 2000~} m'
X JDC Rstt.ar.e (% l Net JDC
~e C:o..my Ctassiricnllon
Annual JOC (as ad)us4od lor t:Jrntnl Cilp}
l< fv\oll rmm Yeare
Totti Vatu a
a.a. utort Coul!!l
21 ~705
.S1.976,100 .s ,
598,80.5 55"%
SS<IJ,428
15 , ., 45
S-15.80 5.15.-13 Sf4.33
Sl .JN,OOO S1.212.04C $.4,078.J60 5% 5 5%
S68.700 SGJ.602 5203.91 S. 55~u
S37.785 10
S377,850
55% 5.5% S34,9B1 51 12, 15 !)
10 10 Sl-~9,8 1 1 S 1 . 12 l .5~9
521.22
g 5 17\
S750,l80 S'Y.
~1 .5.39
55%
52.00•165
Pia noto '~' Ot l'lotJ"' c' Jab De'-"Blopmenl Cr cnt11'Ull e:w;cseo lhi:! amounL ~ .,~,.....,
experditurel:i a JJpnwl:!d b;,o 1tm So&l1h C._uoli C• 1r1 1~ ,irli!il Cold'ICJI fnr Econl)lule Oevi!lo m td
SOUTH CAROUNA·S WOR~1ER TRAINING ~ROGRAM troadySCT .. )
For n :uty 50 yeal(S, re.ad~SC 1:11 , has been ono ol U1o :sta•o .- mO~Sol pDJ.·, !Kful •.:ot~Ottdc d ">' urn ml 11CCf!U• ' re&IJ)'SC (tttww readysc.org) i-s one llf the or.desl, mO'SI expllriDnccd and twghl'f IDUJ.ed ~on:o ~ pra~ms In U CDLiflll)'
0 r axpnnenced prnr~nal& 1t vu u fJ m fj ··~1n-tl ee In 1\elp.aog argana.alioll:!l !11811-t.~p quldtly • nd tltr•clen.el~ Ill 1od;lY'$ C(lmpeiJIM:I m ironmon1 Fr~m \'YOt.krOII': I f l U ling IU'IIJ teshno IO cumcuh-UII olftY
n•oCunnts development. rmm Innovative, r::a.rsfomil:ud lmlnrng d gn aM dultvery 10 oxf)ifflcr\cutl pt¥Cl rnm~a[luiJI n1 through e\•ery ''P.P o f the prncess, rnad)•SC~"~ hulpi!i nu•;v 1t1 ONp n1J11'Q indu~lrlu:s by dovulapintJ ;a me t•lf!C nigh~unl tv ···•or1dlllCS spaofic ID an orgiln~.tation's Individual ne4!1ds AD of this is prrwldod for lhu ClmJP 'i at 111 Ia no c:QS"l
H;:;.. millk'5 of raadySC tu' :s hlghly-acd 11od proi]Jtlrn Cludu. MuJC•1 hty, resporn:l ~, qu 11~ C01111tll, Pftl' ·~ pro;e.Q rMnagemenl eqien.ence, and the abihty to help create highly fundillrung ~·oi'OJ'Y t.emns. UICJm 1 y, readrSC nt prov!d~ ne~-.. af\d expanding com,p.anles that choose ID locate Ln SCJCJlh CnrofoR lho o~blhl)' lo lind and lr<D1n lh tli]ht peopt~ al1he n hi hme W1lll 1hn rtgJ11 sf!;llls and rnot~vallofll
Co~luntly blanng ht! ,·: trWJs, ruadySC 1111 1:. II bu1 r.;J1r11Ark among t .. tu lr.lt• lrtg progr; States.. The fo!IIJ'.'•IAg rnpresen1s o fo·:1 of U1 qualllltl1i U1at set our program apil L
trJ U1e UmLed
• Cul'ltrallt .Admlnr~ntl'ltd. Vel LaCI'Illy l'dnrtngod: Till! e.JCP"'J'US.a of the stal~:~.••:Xla nelv.tut of I chnlcol r;:~oq~ ttYflllllbJ.~ •.o e.,'tcl1 o' re.<ldySC • '!a dlanl!l •.·~tule .sf bedlg mrlJitlgerJ IOQ1.l l~
llnd roJ::Ulitld :!!puclnr:a 'J Oll lhO 11cfiVIth.rol r\U :-ds al 111 d I'l l COrflf)I111Y!I 'I'I.:JJkfon: "',
" 511lp•rlol'te d nn.d 011dlcnted P\orsonnel: Unhke Olh:er lnlinlng programs. ~Bd}oSC "' has ul'lpi]I"DII• d fM!)erlei'IC n st lt.I.JPS.. Ow ded1cated p.er5annel, men) of ~·.hom come rrcm lfld.ulilrJ, h vu lucxtt' .. lllully I ,.. 'i Lh Prunl.lrvd o• s r1o(JJl$ .and 1e11Jl:ID!iinl'\!l. In 1-vld 00' y o1 lnd'uslriss,
12
• Extons]ve R,a,our-c:et aod loh11slme\u : WI, A r dySC ·~ oonu:Jld~ lo m~rw scre-en. and •r In a ccm,nny-"' new tlfl'lf]ID)' us, lh pltO!:ess c.1m begin Immediately because of QUr t,t.•e -eql.l'ipp.nd fac11fUes, train~ instructors. and es.iabflshed tmd pt"cduclilo'e refnoon<lhlp!!il
• td.,-4.1 d Sere:o,lng P'roe s: Aft • • ~I n•nt LlV 1 local Job S'e!Vlcc and rBi:idySC"' starr, our di L mmpanios ~doouty Lh~ candidalos \Yha ~ go 1nltl the !mining program. readyscm·s uiL:male goaf Is 'n prmide fi:ve qualified omcild.a~ for e'.ter; one posllifln lhe CQRlp;;lfl~ pltlns lO nJmediatel~ stRfi
• N'o !Rod Tlilpca~ Unlike &llll!le staiBs whero grant fuml.:ng is used LD olfe.eL lraiTIIniJ costs ond can flflen gE:t bl'l'{3ged dowr~ 'Mth strict rl'!qulrernents, Soulh Can:ilo.1's program baasb1 na retl l."lpe to hind 1 the. i)roco..... We a:, 1 mo · quset\Jy co riflll i'liJ tJ :111'1 '" righm peopl tor ., ur Of9ilt • · 110r'
• Qu.Ulty of Tmlnees; Becauso trameas &IQfl a stat •m nL Ct.ftlf'JIVm ll llh 'l ar not [)uar I ~Qb, l~ir motivation LD lrniil ts based Dn the oppot1un1L~ 1.o impro lhlllT ll J•llng s "' dnd htJ JuUy •111lfl.! 111011 CQ a beller career 1\11: a result, lhe progmm allmds solf.mo1ivatod end dit>ci11 ned 11•!.1Mi,lLJn.l5 who re en pobla or hel~ln[] your oompan 1J bet•er compet,e in lhe glo'bal markulptace.
•· Pro~ el 1'1'· gc.m!!n~= re."KlySCN pndas •1.:5 ron c..u1 prnfec:L maiKJQamt!n\ opproach. Wo ... .~~-. iiSM{]n i.ln C:XP'J~1c.: • . pr ~:;1 rrl r tn duvelap prDJ,ecl plan far rot:::rullmenl and ll"i'Wling for your company Thu plan ~· 11! iJldu :.;r.ti , se11 1~ , plOCit!i!:C.S feu chnnge milllog;emenl nnd feedback and qu.ill ly a:ssuri111cr.; prncm· • •
• Dfs~overy: The tlrsl phose u111u.es 1he blust 1..1::1 mJ rJU.:thodc 1.0 tloa.!menc ycJllf eompnn/s p~ ~ • ·wa m~~:ll-ads, corn •e Oillu . and lhe s arull!nc:r..l• dga ~ur cnmpany rfiqLIIfO:i of 1ts spedilli.zod •10fkfQrt:u. A I'Cet~..r.llrl •flt :54rah:gy ts al!i.c de'Velopeo in Lhis phase ublwng targerad adverti&emanl:s, fre-a modis. ~ob fairs, a d 111 in•C'4n 1.
• 0 sign~ Ct.JMg the 10econd ph.:!se, the octllill t!BJJ1Irlg prog1 illt' I~ cr • ... rmJ a rl 1.1 .:toped. The lr.lin lfl pro mm ·.nn ~.:~'!e lude cu ;.il!lllll:zf!G currlcu!a. mal'Enats, mathodolo(Jy and lralnlnQ s!Arl
'"' OeUvcry:: All o:flhe hard ~.'Dik and plann:1ng outlloo.d in 'lho !JI'i l(louso • ~u ph3s t:.orne lhd' the delivery~ re.<:tlySC ... e~ers at designing lho cu5tomitod pm(JI1lm your c:ompLI y nouds Lo r.;u f!Jfl:.' und qult:l< ly ucu n gp Llan
Cu tilomiziltlan Is Kay
rna.d~SC :u b llYU'S strongly Cha~ u .:ooklc--cullor (4S.1Qmlmg lhe &l:!:lutlon Lo ml'!el the needs or oLD"
ntJt I he solution •Ne hn io'tl a ~OI!:e:s!J for nl5
Firs1, •.•.;e WOIL ) tJUr faCIIIC~· ID ODsei"Y ~'£RJr ~Octr.i 1i ~ I llOI !'IN :1!1 >in:!ll Ia Ei:qll.t nee f. I ha11d ~'Our romp<lll)' phlosophyo on<.f curiiJft! Nit!!C 'll't wt~rk \'.'dh you IO da....e-lop .n plnn rflr rmaching yoor recruiting il.nt:llraining needs..
Onco a ptan U1 placa .... 1: I beg".n Lho procass ~ r CN11Jng Til r CN1Mg ph: !ie lnductes. adrertising, pre-&ereenil1'9, assessment and !ielectian or tmfneas. Afl•' r lralnriB:i llro ·clcr.f 'I dal f pr ••
r11 O)•ment b"nll'bng, stnJ lured OJT 01r n combinntlon of the L i!l'll. Wa also can d fll ·r r. • ek 1:'1
~I ns
Sooth Carohna Is one of the raw slaces In the n~'loh U&aL pt(.IYI~ prolecL rnan4!genlen• staff lor Lhe
13
dur,aUcn of U1e fra niR!.J JlrDjk!cL Ma'>L r.:U5ronl r:; ~ 1111d lhl" ro IJ an n'tllluable:! sss~L ~·.•hen Ln a slartup or expa.osian status. raadySC~"' 's s•arf nas boen In tho training busmass for over 40 y.eal"!! and hnnr;J!I to e!lch pr~ecc a le'Jel c;~r prnfe-s5lfln: lisrn and e"penence lh.nL only ~nh.mces t.h O'iernll Iron
Tr. n ng f!l ~~hat we do and dQ \lefY .. 'D . Bul .... 1! oHen Ond llml lrnln g is lhmJght or eotJI'$e5 oy · I'll 1'1 loe:ltlons o I o( lh \.-.Nk T~ILy, camp .. e&fi t.ra:tllng bnxlruJOS Ia seled
court>llS lllloy hopo '• "' ul lhf!ir r1t:tod5 Thnl iS nal Lh wily lhal r adySC 1 appl(Jadle:i training ror our dlerrrts. We befave the only way La 1rul}• bridgs tha gap bem"E.en lla· g rrt1d lt1El' eduill \ ~..rpl. y •· 1.0 m l<e h t1"31,ing re 1 t1c Md rele'flln\ po I nd cusl "''J nee 1:1nl~ U1 con nt buL also ~ho cl ry Som I OS lhl m• • f1 Ol·•n th , I I I ehnotogy IO (j h • f' .a otJJti:Jago.
Th · ~ ll or rencJySC1ll ;, eomm tted to an nng Projec1 P. nl!ll' JCeQ s n SouUJ C rolrna and '1'.111 h p Pr~uc:L Fi L:.. a in U• • cor11p l ttlv allvanlntJ:l.l lhtcugh Lr.nl In . T u IDu:stratilcn bskl'l'l Is an esllmaled va'lua of 1lle roadySC sorvicos provided to Project Pants to recru1t aflld trmn potsnllal employees ~as~ en 111e J:Teallcn of 1 O!:i q uLlli r~ng fcbs.
IIII!Jis1ratfon of readysc· .. VahJe P ro,!ect Pants
Boa ufo.!l_Coun ly
Estimated Value orreadySC .. Services x Ntmber of Employees
Total Value
2,000 105
This is an est1mated ~~oafoo oi fi!ad}'SC-s cooii7Jmllot1 lo lh~ pfOJ' r:r Tht o3tlool lt"uJ'UG m.:t)" bu moru 01 I~ tllilll o:slimuforJ. This il/usl rnJion dOOSI
ID cflNila o cammJtmsm rm /liB pl!fi Gl moJdj'SC or anyafllllf .'lg.·mcy fg /)ro'w.rJrJ trtllrrlnfl tlr assi:.WrK: al rtw u$/mmrrrd murrulmy l!il!ua, anrJ lo lho extent U10 sen.'lces prrM'dad b.Jf madysc~· do nor nse ra t11a •JNn~••I'Y 'e~..,J outtllnJ nlJO\ •J, Ulu COIIIfJ.'lfiJI ~. nt.Jl etltJtJed to ny poyrrlriiJI rx rr.llatu of rnDI'lay bas lid on #re eslunato
14