Financial Incentives

State Financing & Tax Credits

 
State Financing Programs
 
MARBIDCO offers a variety of grants, loans, and rural assistance programs to Maryland businesses. Click here to learn more.
 
Maryland Department of Business & Economic Development—DBED offers a variety of loans, financing programs, and venture capital resources. Click here to explore.
 
Maryland Department of Housing & Community Development—DHCD helps non-profits and small businesses positively impact their communities through a variety of funding sources, training, and technical assistance. Explore their small business resources here.
 
VOLT Fund—Small and minority/women-owned businesses located within ten miles of Maryland's three casinos and others in the state may be eligible for loans between $25,000 to $500,000. Loans are awarded for business and commercial real estate acquisition and expansion, lease-hold improvements, equipment and vehicle purchase, and working capital. Click here for more.
 
State Tax Credits
 
Maryland Enterprise Zone Credits—Businesses located in an Enterprise Zone may be eligible for income tax and real property tax credits (see below) in return for job creation and investments. Click here to learn more.
 
  • Real Property Tax Credits—Ten-year credit against local real property taxes on a portion of real property improvements. Credit is 80% the first five years, and decreases 10% annually to 30% in the tenth and final year.
  • Income Tax Credits—Receive a one-time $1,000 credit per new worker. For economically disadvantaged  employees, the credit is $6,000 per employee over three years.
 
Maryland Job Creation Tax Credit—Maryland provides a $1,000 tax credit to businesses that create new jobs to encourage businesses expanding or relocating to Maryland. Explore eligibility requirements here.