U.S. Rep. Joe Wilson, R-S.C., is a chief co-sponsor of legislation that will create new tax credits to give incentives to businesses to hire residents of federally-designated Promise Zones like the one that is in part of his congressional district.
The bill, the Promise Zone Job Creation Act, also would encourage new investments to bring property, equipment or software to hard hit communities in the zones. South Carolina’s Promise Zone includes all or parts of Allendale, Bamberg, Barnwell, Colleton, Hampton and Jasper. The designation, which provides priority help for organizations seeking federal grants and loans that help the area, was awarded in April 2015. Read more