SCRA’s Impact
$717M ECONOMIC IMPACT
SCRA’s impact on the South Carolina innovation economy in FY25.
3.7K SC JOBS
SCRA supported 3,772 Souh Carolina-based jobs in FY25.
About SCRA
$91.9K SALARY
The $91,959 average salary of SCRA Companies is 51% higher than the state average of $61,011
$3B CAPITAL
SCRA companies have received a total of $3B in follow-on funding since the inception of SC Launch Inc.
$4.7M GRANTS AND INVESTMENTS
SCRA and SC Launch Inc. awarded $4.7M in funds to companies/institutions in FY25.
The South Carolina Research Authority (SCRA) is a public, nonprofit organization created by the state of South Carolina to support innovation, research, and economic growth.
SCRA’s mission is to fuel South Carolina’s innovation economy by accelerating technology-driven growth
SCRA does this by:
n Supporting startups with targeted funding, coaching, and resources
n Pre-seed investment via SC Launch, Inc., the investment affiliate of SCRA
n Connecting businesses with universities and industry partners
n Helping move research and new technologies into the market
n Providing lab, office, and innovation spaces
SCRA’s Tax Credit Program
Choose Where Your Tax Dollars Go!
Through South Carolina Research Authority’s tax credit program, you can redirect your state tax dollars to help bring groundbreaking — even lifesaving innovations to market.
That means your tax dollars can do more than pay bills. They can power South Carolina’s innovation economy.
The Industry Partnership Fund (IPF), SCRA’s tax credit program, was established to enable SCRA and its investment affiliate SC Launch Inc., to provide coaching, grants, investments, and other types of support for technology startups and for academic research and development.
Contributions made by individuals and organizations provide a dollar-for-dollar tax credit.Business owners could also be entitled to a federal tax deduction. See page 5 to learn more.
Tax Credit Program Benefits
Benefits Beyond the SC Tax Credit
n Making a real difference in the quality of life for South Carolinians and beyond!
n Cash-flow savings
n Recognition on the SCRA website, annual report and other venues as an innovation economy leader
CONTRIBUTION LEVELS & BENEFITS
n Invitations to SCRA-hosted events throughout the year
n Numerous other benefits
Redirecting Your Taxes
n Make your contribution online at GiveBackToSC.org or write a check payable to “IPF” and mail it to SCRA, 1000 Catawba St, Suite 100, Columbia SC 29201
n Complete a TC36 (SCRA Industry Partnership Fund tax return form) and a SC1040TC (tax credit schedule) form.
n Submit the TC36 and SC1040TC forms when filing your taxes.
Federal Tax Deduction
Businesses and individuals who file a Schedule C may be eligible for a federal tax deduction when contributing to SCRA’s Industry Partnership Fund (IPF).
In addition to receiving a dollar-for-dollar South Carolina state tax credit, certain business entities may be able to treat their IPF contribution as an ordinary and necessary business expense for federal income tax purposes, depending on their tax structure and specific circumstances. For pass-through entities such as LLCs, partnerships, and S corporations, the state tax credit can pass through to the owners while the contribution may provide a federal tax benefit at the entity level, potentially reducing federal taxable income.
Sole proprietors and Schedule C filers should consult their tax advisor to determine eligibility and the proper treatment of an IPF contribution under current federal tax law. Because tax situations vary, SCRA encourages contributors to seek guidance from a qualified tax professional regarding the potential federal deduction and overall tax impact of participating in the IPF.
As a practicing lawyer in South Carolina, I support SCRA’s Tax Credit Program because investing in innovation is one way to advocate for a stronger, better future for South Carolina.
Jamie Khan McCullough Khan, LLC
Tax Credit Program Contributors
SCRA thanks the organizations and individuals below for redirecting their taxes at the following levels:
Visionary-Level Contributors
$150,000 to $199,999
Bronze-Level Contributors $10,000
Nathan & Desiree Leaphart
The Scott Family
Albenberg Family Practice
Charleston Concrete Construction
Integer Technologies
Tylan Creek Family Dentistry
Simpsonville
Endodontic Associates of Charleston
Edward Kluiters
Beau Clowney Architects
Bonnie Rothwell, DMD
Coastal Dental Group
EMABS
Hillcrest Cosmetic & Family Dental
Iron Lion Realty
Matthew Mastrorocco, DMD
Affordable Dentistry
Andre & Tina Yee
860 Strategies Inc
Periodontal Associates
Gentle Dentistry of Lexington
Health Realty
Kyle Exelby
Rodney Schlosser
Kids Teeth
Archibald Hardy IV
Blevins Dentistry
Heath Johnson
Herlong & Associates Inc
Hitchcock Animal Hospital
Corporation
Holy City Dentistry
Kassel Aviation Insurance
Myers Elliotte
Palmetto Facial Plastic Surgery
Pathway Leadership consulting
SAOS Capital
Steven & Tiffany Gilliam
Divitiae
Bocklet Orthodontics
McCullough Kahn
Beach Endodontics
Chris & Carrie Lanning
Harmon & Felts, PA
Hood Construction
Jarrod Stokes
JR15
Robinson Ventures
Thiem McCuthcheon Winkler CPAs
Trevor & Crystal Eddy
Charleston Oculoplastics
The Donaldson Law Firm
Lowcountry Endodontics PA
to $49,000
Palmetto Investment Consulting
April K Spitz, DMD, PA
Bob & Cathy Quinn
Buckwalter Dental Care
Carolina Center for Restorative Dentistry
Ellenontheglow
Green Orthodontics PA
Marc Chary Hilton Head Rentals
Oaks at Creek Landing
Reynolds Family Dentistry
Southeastern ENT, Allergy & Sleep Disorders
Thompkins, Thompson & Brown
Tom Bumgardt
William Coulter, DMD, PA
Ascend Foods Inc
Dutch Fork Family Dentistry PA
Mark Waninger Dentistry DBA
Dentistry at Habersham
NE Columbia family Dentisttry
Tyler & Michelle Fogleman
Health Care Business Consultants
Everett Sports Marketing
Carolina HVAC
Christopher Andrews DMD, PA
Cornerstone Childrens Dentistry
Brickyard Dental Group
Nathan Williams
A Hoffman-Heidlberg Agency
Anna T Fuller DMD
Blue Door Development
Chapin Commercial Construction
Donna Barrett Oliphant (Simms
Oliphant)
Ethical Patient Advocacy
Fennelly Associates
Forest Acres Dentistry
Forever Happy Gums
Glimma NA
Henry Parr Jr
John Curtis T Lewis
La Mer Luxe
Law Offices of LW Cooper
Lowcountry Hand Center PC
Professional Movers of Charleston
Prudent Man
Robert & Janet Keen Jr
Roebuck Family Dentistry PA
Ron Banik, DMD, PC
Spartan Investments
SRJ Holdings
TPG Broker Fund
Young Law Firm
Southern Spas Development LLC
Miles Martschink
Kassis Long Family Dentistry PC
Riverrock Engineering
Southeast Endodontics PC
Barnwell Family Dentistry
Carney & Sons
Daniel Henderson DMD
Donald & Barbara Herriott
George Roper III
Hawk & Hawk Law firm
Home Team Realty
TSFA
Russell Cook
Bobby Short
Greg Wilcox
Matt Bell
P Mason Hogue
A Better Me Psychiatry
Atlantic Aesthetics PA
Bailey Foods
Bailey Real Estate
Cory Manning & Tina Cundari
Costa & Williams Dental Care
Daniel & Katherine Fritze
Deborah Herbert
Gavin Criser DDS MS PA
Helen Berenyi
Holley & Company
J Musselman Construction
James C Brinkley Jr DBA Soap N
Suds
Kim & Lahey Law Firm
Kozcloses
Lemon Tree Dental
LIG
Maarten Zonjee
Mavin Construction
Michael Jacob Wehman DMD, PA
Ned S Jennings DMD
Palmetto Kids Dentistry, PA
Schembra Real Estate Group
Sleepy Owl Dentristry
SmileCare PA
Smiles BY KD
Steve Lenker
The Law Offices of LE Cooper Jr
Twin Properties
Francis A Metzger
Laura Terry
Randy Cutts
Fred Martschink III
Michael Armstrong
Collin Buckner
Samios Realty
Albert & Julia Mims
Christopher Bernat
Kris Cato
Catherine Hayes
Rob Moser
Yolanda Lewis
Adrianne Grimes
Bowharp Engineered Solutions
Broad Street Lending
Elizabeth Pilcher
Glen Caulk
Griffith Growth Consulting
J Gregg Caputo DMD PA
PHH Enterprises
Tax Law & Accounting Group
Timsurance
Austin Saggus
Zante
Ascension Consulting
Teresa Hinson
Blair Dorneanu
Aiken Podiatry Center
B&B Properties
David Issac & Juliana Flint
Talo Construction
Patti Mack
Paul Doughty, DMD, PA
AEH Creative
Lynette Harris
Tisha Eaves
Andy & Lesha Olsen
Jane E Mason
Paul Archie LeCroy III
Good United
Jeannine Rogers
Mitch Smith
Anonymous
Mitch Smith
Director, Business Development mitch.smith@scra.org | 803-206-1378
Andy Olsen
Senior Business Development Manager andy.olsen@scra.org | 803-722-3598
Tisha Eaves
Business Development Manager tisha.eaves@scra.org | 854-202-5047