15 stories
In 2017, the A.T. Kearney Foreign Direct Investment Confidence Index® concluded, “investors are bullish about economic growth and FDI [Foreign Direct Investment] is critical to the South Carolina economy. prospects, but are monitoring political risks for abrupt changes to the business environment.” Fast-forward to 2018, and that monitoring is heightened. Trade negotiations and legislation having […]
The South Carolina Tax Realignment Commission observed in its final report to the General Assembly in December 2010 that South Carolina has the highest property taxes in the nation on manufacturers, and the most recent 50-state tax survey published by the Lincoln Institute of Land Policy supports that finding. With an assessment ratio of 10.5 […]
Property taxes are often the largest South Carolina tax paid by manufacturers. Property taxes are assessed annually on real and personal property owned by a manufacturer (excluding inventory and supplies) on Dec. 31, of the preceding calendar year. Property taxes are due on Jan. 15 of the year following the tax year. A manufacturer’s property […]
Over the years, SBA lending has undergone an amazing transformation. Fortunately, the current structure makes it far simpler for a small business to apply for and receive assistance under the various SBA programs. One of the biggest improvements is the creation of the SBA Business Development Officer (BDO) position in many of the community and […]
Despite remarkable growth of developing economies in China, Brazil and India, the United States has seen more foreign investment than any country in the world over the last five years, according to the United Nations. IBM’s annual report on international investment showed that South Carolina was the top state in the US for attracting jobs […]
The text of the Trans-Pacific Partnership (TPP) was released in November 2015 and includes over 6,000 pages, plus side agreements. It has ramifications for numerous industries, from cybersecurity to pharmaceuticals. If the TPP is adopted by all 12 member countries – Australia, Brunei, Canada, Chile, Japan, Malaysia, New Zealand, Peru, Singapore, the United States, and […]
Estimating Your Retirement Income Needs You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you’ll need to fund your retirement. That’s not as easy as it sounds, because retirement planning is not an exact science. Your […]
In light of the Palmetto State’s growing international presence, the South Carolina Department of Commerce has announced a new International Strategy and Trade Division. Led by the Department of Commerce’s former Director of Global Business Development, W. Ford Graham, the new division will build on previous overseas successes in both the state’s exports and international […]
Although the South Carolina Department of Employment and Workforce is reporting an increase in seasonally adjusted employment of 66,132 from October 2014 to October 2015, the state’s manufacturing sector is showing a loss of 800 jobs over that same time. The decline in manufacturing employment reflects significant weakness in exports that emerged in early 2015 […]
The Board of Directors of Sonoco (NYSE:SON) today declared a $0.35 per share quarterly common stock dividend. The dividend will be paid on December 10, 2015, to shareholders of record as of November 13, 2015. According to Jack Sanders, president and chief executive officer, this is the 362nd consecutive quarter, dating back to 1925, that […]
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