Development Incentive Programs assist the Town in expanding its number of citizens, land mass, property tax base, sales tax revenue, service offerings to its citizens, and infrastructure capacity.

 

The Town of Moncks Corner encourages planned growth and development within the Town and seeks to motivate those undertaking development near our corporate boundary to become a part of our great Town through annexation in order to take advantage of this program.

Commercial Development

The Commercial Development Incentive Program will allow a commercial developer or qualifying individual business who executes an approved, qualifying  development to, over a period of ten (10) years, recoup up to 100% of his/her infrastructure costs.  If the development is undertaken in the Downtown Area, the rebate period is extended to fifteen (15) years.  This incentive program gives the Town of Moncks Corner an economic development tool that encourages future commercial development to be done within the Town limits and/or motivates those undertaking development near the Town to become part of the Town through annexation in order to take advantage of this program. In addition, it further incentivizes development in our Downtown area.

Benefit to the Developers:  The potential for 100% cost elimination for infrastructure for commercial development.

 

Residential Development

This program will allow a residential developer who executes an approved residential development to, over a period of ten (10) years, recoup up to 100% of his/her public infrastructure costs. This incentive program gives the Town of Moncks Corner an economic development tool to encourage future growth and development within the Town limits and/or motivate those undertaking development near the Town to become part of the Town through annexation in order to take advantage of this program.

State of South Carolina programs may be considered by Town Council to be combined with any package of incentives, or to provide a stand-alone set of incentives for in-city projects located out of the eligible development area. These state programs include property tax credits, as authorized by the S.C. Abandoned Building Act, the S.C. Textiles Communities Revitalization Act, the S.C. Retail Facilities Revitalization Act, or the S.C. real property tax credit for the installation of a fire sprinkler system (see applications to the right).

Contact Us

Jeff Lord
Town Administrator
Office: 843-719-7910

Doug Polen
Community Development Director
Office: 843-719-7913

P.O. Box 700
118 Carolina Avenue
Moncks Corner, S.C. 29461
843-719-7900