Home / Economic Development / Business and Residential Development Incentives
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.
The incentive is an infrastructure re-imbursement plan made possible by increased property tax revenues from increased property values over a period of ten (10) or fifteen (15) years based on location, or until total amount of eligible expenses is repaid, whichever comes first.
Please refer to the Commercial Infrastructure Reimbursement Brochure for addition details and information.
Why we do it: The Town of Moncks Corner wants to be a great place to live and work for everyone. This program will help owners keep their property without going to a tax sale or leaving an eyesore in the neighborhood.
How it works:
Demolition Process:
If you have questions please reach out to our Community Development Office for further information or complete the application HERE.