Manufacturing, processing, and technology intensive companies located in South Carolina have the opportunity to receive a refund for “retraining” employees. Subsequent to approval by the State Board for Technical and Comprehensive Education, by participating in the Enterprise Zone Retraining Program (E-Zone), qualified companies may be reimbursed up to $1,000 per eligible employee, per year, against withholding taxes*, for certain training and education.
E-Zone Requirements |
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EligibilityOnly companies engaged in manufacturing, processing, or technology intensive activities at manufacturing, processing, or technology intensive facilities are eligible to participate. |
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Company Training CostA company must spend at least $1.50 on retraining eligible employees for every $1.00 claimed as a credit against withholding on approved retraining ($1000 per person cap, per year). |
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Legislative RequirementsBy law, all company participation and ongoing Training Plans must be reviewed and approved by the SC Technical College System, to include a Yearly Review. |
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$250 Annual Renewal Fee (payable to SC Department of Revenue)No initial application fee for new companies. |
An application package must be submitted for approval. Representatives from local technical colleges will assist in the application process.
Full time production and technology intensive first line employees or immediate supervisors,who have been on the company payroll for a minimum of two years,qualify. (Company must offer benefits/health care.)
Retraining of eligible employees must be necessary for the qualifying business to remain competitive or introduce new technologies.
Below is a sample list of acceptable course justifications:
