Mount Pleasant’s Business Incentives
Economic Development Incentive Grant
Through a shared vision for future growth and a merger of planning, implementation, and economic development, the Town of Mount Pleasant encourages selective business investment as a key component of managed growth. The Town works to create a sustainable local economy that encourages economic vitality, promotes fiscal integrity, and increases the local standard of living while preserving and enhancing the quality of life of the Town of Mount Pleasant.
The Town created an Economic Development Incentives Grant Program to provide incentives to encourage the location and/or expansion of businesses in the town which substantially add to the tax base, create clean, high-paying jobs, and are compatible with the built and natural environment of the town. Selective business investment refers to companies that can essentially locate anywhere, and are not, or are minimally dependent (less than 30% of their sales or income) on the economy of the Town of Mount Pleasant or the Charleston Region.
Incentives available for qualifying businesses include grants to reimburse for all or part of the following:
- Municipal Impact Fees
- Building Permit Fees
- Plan Review Fees
- Business License Taxes
The Town has awarded approximately $400,000 of economic incentives to a dozen companies through this program. Past awardees include Hubner Manufacturing, Levelwing, Westbrook Brewery and Mediterranean Shipping to name a few.