Archive for month: May, 2026

A top legislative priority this year, the Manufacturing Property Tax Relief Act (S.439), is on its way to the Governor’s desk following passage by the House this week.

The bill raises the manufacturing property tax exemption cap established in the Comprehensive Tax Cut Act of 2022 from $170 million to $300 million. The original cap helped reduce the manufacturing property tax rate from 9% to 6%, provided county revenue losses did not exceed $170 million. Increasing the cap is critical to ensuring small and mid-sized manufacturers are not subjected to property tax increases in the coming years.

For Small Business Month Truist is launching a virtual Small Business Financial Literacy Workshop Series, on May 27th, designed to equip entrepreneurs with practical tools and insights on key financial topics such as cash flow management, growing and expanding, protecting and long-term business sustainability. Their goal is to make these sessions accessible, relevant, and impactful for current and aspiring business owners.

• Separating personal and business, May 27th @12:30-1pm
• Managing cash flow and expanding your business, June 24th @12:30-1pm
• Protecting your business, July 22nd @12:30-1pm

  For more information, click here.

Don’t forget, the Florence City Center Market boasts dozens of vendors selling an array of farm fresh produce, heritage meats, handmade artisan wares, organic soaps, goat milk lotions, and much more!  Gotta check it out this Saturday at 200 Sanborn Street in Florence.

The Greater Florence Chamber’s Leadership Florence Class held the fourth annual Kickball for A Cause fundraiser at Carolina Bank Field, home of the Florence Flamingos.

The event provided an opportunity for local companies and business leaders to compete, as well as entertainment and activities for the entire family.

The tournament was the class project for this year’s Leadership Florence cohorts. Proceeds will benefit Lighthouse Ministries, House of Hope and CARE House. Thank you to the many sponsors and participants that made this all possible.

1st place-Florence Hauling and Junk Removal
2nd place-Greyfeather Group, Exp Realty
Best Uniform- Team Honda
Picture credits: True Light Photography

To see more photos from the day, click here.

Are you unsure what the difference is between revenue, income, and profit? Do you know your business break-even? Have you ever had to look up what P&L or COGS means? If so, make sure to join the FMU Kelley Center for our Basic Accounting for Small Businesses Workshop this Wednesday. This free, in-person workshop will cover topics such as:

Accounting Terms, Common Financial Reports, How to Create a Business Budget and Accounting Tools.

Registration is limited to 20 attendees per time slot. Workshop will take place on Wednesday, May 13th at the FMU Kelley Center in Downtown Florence. There are 2 time slots to choose from. 12:00 PM or 5:30 PM.

For more information, click here.