Lexington County, South Carolina, has emerged as a prime destination for entrepreneurs seeking to establish and grow small businesses. With a population exceeding 318,000 and a median household income of approximately $75,000, the county offers a robust economic foundation and a supportive environment for new ventures. Its strategic location, business-friendly policies, and vibrant community make it an ideal setting for entrepreneurs across industries. Below are five key advantages of launching a small business in Lexington County in 2025.
1. Sustained Economic Growth and Market Opportunities
Lexington County is experiencing consistent economic expansion, driven by a 12% population increase over the past decade, outpacing South Carolina’s average. In 2022, the county attracted nearly $449 million in capital investments and created over 1,100 jobs, primarily in manufacturing, with ripple effects benefiting retail, hospitality, and service sectors. Projects like Platt Springs Crossing, a 57-acre retail development set to open in phases through early 2026, signal ongoing commercial growth. This expansion translates into a growing customer base and diverse opportunities for small businesses, from local eateries to specialty retail and support services for industries like advanced manufacturing and healthcare.
2. Attractive Incentives and Streamlined Support
South Carolina offers a suite of incentives tailored to small businesses, and Lexington County maximizes these benefits. Entrepreneurs can access exemptions from sales tax on manufacturing equipment, software, and material-handling systems, alongside property tax abatements and job development credits of up to $1,000 per employee for training. Rural areas within the county qualify for grants through the Rural Infrastructure Fund to cover site preparation and utility costs. Additionally, the county’s Economic Development office provides comprehensive support, including assistance with permits, utility connections, and free business planning resources. The SC Business One Stop portal simplifies the process of registering a business, such as forming an LLC, often within a week. Specialized tax credits, including up to $1,000 per apprentice for four years, further reduce costs for businesses investing in workforce development.
3. Access to a Skilled and Growing Workforce
Lexington County’s labor force has grown by over 15% in the past decade, adding nearly 20,000 workers and surpassing regional and national growth rates. With a per capita income approaching $50,000 and proximity to institutions like Midlands Technical College, businesses benefit from a pool of educated and skilled workers. Workforce development programs, such as SC Works, offer free apprenticeships and subsidized training, ensuring access to talent in fields ranging from technical trades to professional services. Low unionization rates provide operational flexibility, fostering a committed workforce invested in the region’s economic success.
4. Strategic Location and Cost Advantages
Located just 20 minutes from Columbia’s airport and major interstates, Lexington County combines accessibility with affordability. Industrial parks, such as Batesville-Leesburg, offer available land for development, while the county’s cost of living remains 10-15% below the national average, enabling businesses to maintain low overhead. Proximity to Lake Murray enhances the area’s appeal, attracting both customers and employees seeking a high quality of life. The county’s logistical advantages support efficient supply chains, as evidenced by major employers like Nephron Pharmaceuticals and Palmetto State Armory expanding operations locally.
5. Robust Community and Networking Support
Lexington County fosters a collaborative business environment through organizations like the Lexington Chamber and Visitors Center, which hosts networking events and workshops on topics like digital marketing and local sourcing. The South Carolina Small Business Development Centers, with a hub in the Midlands, provide free counseling and resources, while SCORE volunteers and women’s business centers offer tailored guidance. Certification programs for minority-owned businesses enhance access to contracts, and post-disaster support, such as SBA recovery centers at Lexington Library, ensures resilience against challenges like Hurricane Helene.
Conclusion
Lexington County, South Carolina, offers a compelling blend of economic growth, financial incentives, a skilled workforce, strategic location, and community support for small business owners. With its streamlined resources and vibrant local economy, the county provides an ideal environment for launching and sustaining a successful enterprise. Entrepreneurs considering their next venture should explore Lexington County’s offerings through its Economic Development office or Chamber of Commerce to capitalize on these opportunities.