Financial Incentives

Financial Incentives

 
In the business world, access to capital is everything. We open doors to public and private financing and incentive programs for your new or expanding business.
 
 
Local Financing
 
Garrett County Community Action’s MicroWorks Business Program offers training and loan assistance to current and prospective Garrett County micro-businesses. Click here for details.
 
The Mountain Maryland Angels accelerate the growth of early-stage businesses in Garrett, Allegany, and Washington Counties. These investors support business development, strategic planning, capital raising, and management team building. Click here to learn more.
 
Local Tax Credits
 
The Office of Economic Development will certify eligibility and administer the following:
 
To be applied against a business’s county real property tax, it encourages and facilitates business and job growth in the county.
 
 
SBA HUB Zone-Designated County
Garrett County is considered a Historically Underutilized Business Zones (HUBZone). This certification qualifies businesses for preferential status in competition for federal government contracts.