Interested parties are invited to attend a public hearing and provide comments to County representatives on the proposed Glenmont Enterprise Zone to be held on March 27 at 6:30 p.m. at the Glenmont Local Park Activity Building, 3201 Randolph Rd., Wheaton. The comments will be used to develop a recommendation to the County Executive and the County Council prior to submitting an application to the State of Maryland to create a new Enterprise Zone.
The Maryland Department of Business and Economic Development designates the State’s Enterprise Zones, while local governments are responsible for their administration. Businesses operating within an Enterprise Zone may be eligible for a tax credit towards their state income tax filings based upon the number of new jobs created. They may also be eligible for a tax credit on their local real property taxes based upon their overall capital investment in a property.
Current Enterprise Zones in Montgomery County include Wheaton, Long Branch/Takoma Park and Olde Town (Gaithersburg). Silver Spring previously obtained Enterprise Zone status to help its revitalization efforts.
The draft application will be available for review beginning March 13 at the Mid-County Regional Services Center, 2424 Reedie Dr., Wheaton, and at the Wheaton Library, 11701 Georgia Ave., during regular business hours, and online at www.choosemontgomerymd.com.
To sign up to speak at the public hearing, call Trina Green at 240-777-2004. Comments may also be emailed to firstname.lastname@example.org.
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