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The South Carolina angel tax credit: milestone for celebration

Paul Clark
Paul Clark
Last updated: January 17, 2024
Venture south fallback

Following the last post, is this milestone of angel investor tax credit awards something to celebrate?

Well, from the perspective of an investor this year, maybe not: my example tax credit of $1,618.26 ($3,500 * 0.46…) is quite a bit less than the $3,500 I was anticipating.

But from the wider perspective of South Carolina’s early stage companies, entrepreneurs, and ecosystem, it’s definitely good news. As we noted last time, it’s an impressive amount of investing activity into startups in South Carolina.

I think it’s reasonable to conclude the credit has been working: South Carolina startups are being funded at what seems to be a record pace.