Rock Hill Economic Development
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BUSINESS CLIMATE
As more businesses make their home in Rock Hill, the City of over 70,000 has become an economic and competitive force. Along with an innovative and progressive business climate, Rock Hill offers favorable tax laws, low gas prices, excellent training and education opportunities, and appealing business incentives. Recent strategic initiatives like Knowledge Park have served to solidify our place as an emerging center for technology and creativity.
Once home to a thriving textiles industry, Rock Hill has transformed itself to include many global companies such as Atlas Copco, 3D Systems, and Coroplast. Manufacturing, distribution and healthcare industries still remain strong thanks to the City’s convenient location, infrastructure, and skilled workforce. Rock Hill is also home to a number of business and industrial parks, including TechPark, SouthCross Corporate Center, Waterford Business Park and Riverwalk Business Park. All offer high-quality sites and are close to hotels, conference centers, restaurants and easy access to I-77.
In the most recent addition (Q3/2017) of the publication Area Development, South Carolina was consistently ranked in the top states for doing business. States across our nation were ranked on 12 factors. South Carolina ranked number 1 for Business Incentive Programs and number 2 for Overall Cost of Doing Business.” with “In the most recent addition (Q3/2021) of the publication Area Development, South Carolina was consistently ranked in the top states for doing business. States across our nation were ranked on 12 factors. South Carolina ranked number 1 for Business Incentive Programs and number 4 for Top States for Doing Business.
Source: Area Development (View All Rankings)
COST OF LIVING
TRANSPORTATION
Rock Hill offers companies and employees quick and easy access to several transportation options by being conveniently located near several major interstates, rail terminals, ports, as well as regional and international airports.
OPPORTUNITY ZONES
On March 23, 2018, Governor Henry McMaster announced he has recommended, at the request of the City, four census tracts be designated as Opportunity Zones. Census tracts in Rock Hill designated as Opportunity Zones include areas comprising Knowledge Park, the Saluda Street corridor and the Albright Road corridor. These designations, after their finalization, are designed to jumpstart investment and spur economic development in Rock Hill. This program will provide a valuable financing tool to encourage significant economic development in the urban core. The program allows investors to defer paying tax on capital gains if those gains are invested in Opportunity Zones.