Economic Incentives
Fuel Your Growth
The City of Camden provides a variety of economic development incentives to help your business prosper. Explore the local, state and federal programs available to businesses in our area to see if your business or project qualifies. And don’t worry, our friendly staff are here to answer any of your questions along the way.
City of Camden Incentives
Façade Grants
Property owners or business tenants can receive grants to assist in renovations to the facades of their commercial buildings. These reimbursement grants are currently awarded as a 50% match, allocated at $75 per linear foot of the facade, up to a maximum of $15,000. Download and print application below.
Bailey Bill Property Tax Abatement Incentive
Owners of approved historic properties throughout Kershaw County can have the assessed value of the structure locked in for a period of 15 years for improvements that meet historic preservation standards. Property owners must invest at least 20% of the current fair market value of the structure to qualify for this tax abatement incentive. This program requires application with our Planning and Development Department and approval by the Historic Landmarks Commission and Camden City Council prior to any work commencing. This incentive can also be combined with state and federal historic tax credits. For properties within Camden City Limits, applications must be submitted to both the City of Camen and the Kershaw County government. Properties outside of Camden City Limits may submit only the Kershaw County application. City of Camden Bailey Bill Summary & Application → Kershaw County Bailey Bill Application →Economic Development Incentive Program
Individualized incentives for economic development within the city limits are also available for up to five years, as approved by City Council. A minimum investment is required, the amount of which depends on the geographic location of the development. Incentives available are provided as reimbursements and may include some or all capacity fees, permit fees, business license fees, hospitality fees collected, and local accommodations tax fees collected. Please submit application to City Manager Jon Rorie.
Historic Tax Credits
There are two tax credit programs available for the rehabilitation of historic structures. These programs require approval by the State Historic Preservation Office and/or the National Park Service and must be approved prior to any work commencing. Buildings listed individually in the National Register of Historic Places or buildings that contribute to a National Register historic district are eligible. If you have questions about the eligibility of a property, please contact Planning & Development Director Shawn Putnam (putnam@camdensc.org)
Historic Rehabilitation Tax Credit
Federal income tax credit equal to 20% of rehabilitation costs. In general, each dollar of tax credit earned reduces the amount of federal income taxes owed by one dollar. Only for income-producing properties.
State Historic Rehabilitation Tax Credit
State income tax credit equal to 10% of rehabilitation costs. In general, each dollar of tax credit earned reduces the amount of state income taxes owed by one dollar. Only for income-producing properties. This incentive can be combined with the 20% Federal Historic Rehabilitation Tax Credit.