Financial Incentives

Below you will find information on the Financial Incentives offered by the City of Anderson and the Economic Development department.

• Shovel Ready
• Dinosaur Grant Industrial Tax Credit
• Community Revitialization Enhancement District (CRED)
• Foreign Trade Zone (FTZ)
• HUB Zone
• Industrial Revenue Bonds
• Revolving Loan Fund
• Riverfront Development District
• Tax Abatement
• Tax Increment Financing (TIF)
• Urban Enterprise Association Revolving Loan Fund (UEARLF)
• New Markets Tax Credit Application
• New Markets Tax Credit Map

One major incentive is that businesses will no longer be paying the State's inventory tax starting in 2005. The inventory tax was eliminated to encourage economic development efforts.

The City of Anderson's Administration and staff are prepared to go out of their way to assist a new or expanding enterprise. We can help you identify a prospective location and provide information on available buildings and land to match your facility requirements. We can arrange and conduct site and facility tours of any property that may interest you in the City of Anderson.

The staff will offer their continued commitment to ensure the best programs are in place. If you need further information, assistance, or other enticements, our support is just a question away.