Economic Development Incentives

South Carolina law provides several methods to finance the costs of capital improvements associated with residential, commercial, industrial, and mixed-use developments. Often called “public-private partnerships” these financings require the cooperation of local governments with private developers or industries in order to achieve mutually beneficial goals for the public sector and the private sector. Our lawyers have served as bond counsel and underwriter’s counsel to communities and developers across the South in financing infrastructure, such as roads, streets, storm water drainage, water and sewer lines, other utilities, parks and playgrounds, and public parking through the use of several methods of economic development incentives: TIF bonds, special assessment financing, FILOTs, PILOTs, Multi-county business or industrial parks, SSRBs, Infrastructure credits, or State jobs credits.