- Doing Business
Small Business Development
The City of Abbeville is seeking to encourage and induce new investment in the community that will strengthen the local economy, create new job opportunities and encourage the establishment and growth of new businesses.
A Helpful Guide to Starting a business in Abbeville.
A good first step for any individual looking to start their own business in Abbeville can be contacting the City’s Community Development Department and Economic Development Administrator, Mike Clary, through Facebook, by phone (366-1800), or through email at firstname.lastname@example.org
The Attached Market Guide is designed to offer a quick look at Abbeville's Market, Gap Analysis, Demographics, Growth Projections, and other Pertinent Information. For more information please contact Mike Clary, Community Development Director.
Where do people who routinely shop in Abbeville Work & Live?
Using cell phone data and working with a Private Firm, the City was able to identify where routine shoppers in Abbeville Work (Blue) and Live (Red). The data illustrates that individuals shopping at Abbeville business come from throughout Abbeville's Trade Area and include all of Abbeville County and large portions of Greenwood.
Opportunity Zones are a new community development program established by Congress as a part of the Tax Cuts and Jobs Act of 2017, they are designed to encourage long-term private investments in low-income communities. This program provides a federal tax incentive for taxpayers who reinvest unrealized capital gains into "Opportunity Funds," which are specialized vehicles dedicated to investing in low-income areas called "Opportunity Zones."
The zones themselves are to be comprised of low-income community census tracts and designated by governors in every state. South Carolina designated 25 percent of qualifying census tracts as an Opportunity Zone. Qualifying Zones are based on the 2011-2015 American Community Survey.