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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
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
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
Economic Development Fund Grant/Loan Program Private employers who retain and create jobs in Montgomery County, especially high technology and manufacturing companies
Small Business Revolving Loan Program Small businesses with annual revenues of less than $5 million and fewer than 75 employees
Maryland Economic Development Assistance Authority and Fund Assistance to the business community and political jurisdictions with five financing capabilities
Maryland Economic Adjustment Fund
Maryland Small Business Development Financing Authority
Maryland Industrial Development Financing Authority
Maryland Venture Fund
Community Development Block Grant Program
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