The tire manufacturing industry in South Carolina is booming, and it’s making big news — and a big impact.
The state is a leader in tire production, exporting over $1.6 billion in tires annually. South Carolina is home to 4 of the world’s top 10 tire manufacturers, including Michelin and Bridgestone.
Opportunities for Tire and Auto Businesses
Various factors make South Carolina an incredible place for new businesses.
First, access to a high-quality and well-trained workforce makes it an ideal location for manufacturers; the state even offers a free workforce training program to companies investing heavily in South Carolina.
The South Carolina I-77 corridor’s market access is incredibly impressive; its geographical location provides access to 145,000,000 individuals in just one day’s drive. Read more South Carolina I-77 regional data.
Finally, the state provides a number of financial incentives for businesses that help keep operating costs down, including:
- Low corporate income tax rates
- No state property, local income, or inventory tax
- No sales tax on manufacturing equipment
In short, South Carolina provides countless reasons for businesses to move to the area!