R&D Services Company

Facts:

  • R&D Services Company
  • Approximately $75 million in revenue
  • Approximately 500 employees
  • Expansion in South Carolina created 141 jobs

Results:

  • Over $2 million in benefit

This client expanded in South Carolina, creating an additional 141 employees. Expansion Incentives negotiated for the project included property tax refunds, income tax credits, a reduced license fee rate, and a $1.2 million withholding tax incentive that is based on the state tax withholdings of the new employees. In total, the incentive package exceeds $2 million, much of which would not have been received if not negotiated prior to making a commitment to the expansion.