Headquarters Relocation and Growth Fund

Summary

The bill establishes the South Carolina Headquarters Relocation and Growth Fund, a separate trust that provides grants to businesses that locate or expand corporate, regional, divisional, or shared‑service headquarters in the state. To qualify, projects must create at least 50 jobs, pay wages double the county average, invest $10 million, and sign a performance agreement with clawback provisions. The measure aims to attract high‑pay, high‑investment employers and boost local economies.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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