Montgomery County |
| Tax Incentives |
Eligible Businesses |
| New Jobs Tax Credit |
Combined state and county tax credits to businesses that hire 25 or permanent, full-time employees and occupy 5,000 square foot new and previously unoccupied space |
| Enhanced New Jobs Tax Credit |
Combined state and county tax credits to businesses that create at least 500 or 1,250 new permanent and full-time positions, increase its space by at least 250,000 square feet, and pay all these employees at least 150% of the federal minimum wage |
Enterprise Zone Tax Credit |
Tax credit to businesses that are located in designated areas of downtown Silver Spring, Wheaton and part of Takoma Park/Long Branch |
State of Maryland |
| Tax Incentives |
Eligible Businesses |
Job Creation Tax Credit |
$1,000 tax credit to businesses that create new jobs to encourage businesses expanding or relocating to Maryland |
Job Creation and Recovery Tax Credit |
Tax credits to businesses that hire Maryland residents who have been unemployed for the previous 12 months |
Enterprise Zone Tax Credit |
Income tax and real property tax credits to businesses locating in a Maryland Enterprise Zone in return for job creation and investments |
Research and Development Tax Credit |
Tax credits to businesses with qualified research and development expenses in Maryland if eligible and certified by the Maryland Department of Business and Economic Development |
Biotechnology Investment Tax Credit |
Income tax credits to individuals or any entities who invest at least $25,000 in a Qualified Maryland Biotechnology Company |
Brownfields Revitalization Incentive Program |
Financial incentives in the form of grants or low interest loans for the redevelopment of certain properties that are contaminated by hazardous materials or oil |
Cellulosic Ethanol Technology R&D Tax Credit |
State income tax credit for businesses that incur qualified cellulosic ethanol technology research and development expenses in Maryland |
Community Investment Tax Credit |
Allocations of State tax credits to 501(c)(3) nonprofit organizations for use as incentives to attract contributions from individuals and businesses to benefit local projects and services |
Maryland Heritage Structure Rehabilitation Tax Credit |
Maryland income tax credits equal to 20% of the qualified capital costs expended in the rehabilitation of a “certified heritage structure |
State of Maryland |
| Financial Incentives |
Eligible Businesses |
| Maryland Economic Development Assistance Authority and Fund |
Assistance to the business community and political jurisdictions with five financing capabilities |
Maryland Economic Adjustment Fund |
Financial assistance to business entities in the state with modernization of manufacturing operations, development of commercial applications for technology, and exploring and entering new markets |
Maryland Small Business Development Financing Authority |
Financing for small businesses that are not able to qualify for financing from private lending institutions or owned by socially and economically disadvantaged persons |
Maryland Industrial Development Financing Authority |
Private activity revenue bonds and credit insurance in the form of a deficiency guaranty to reduce lender’s risk |
Maryland Venture Fund |
Direct investments in technology and life science companies and indirect investments in venture capital funds |
Community Development Block Grant Program |
Funds dispersed to a local jurisdiction in the form of a conditional grant and then used for public improvements or loaned to a business |
| Maryland Capital Access Program |
Credit enhancement program for small businesses that enables private lenders to establish a loan loss reserve fund from fees paid by lenders, borrowers, and the State of Maryland |
TEDCO – Working Capital Loan Fund |
Loans to early stage technology-oriented companies located in the state of Maryland. Loans of between $15,000 and $50,000 are available to be used for working capital in order to assist a company with expansion, market entry, or other initiatives |
Seniors
