Learn how we can help your business thrive
Use the tools below to learn more about incentives for existing businesses planning to expand to our area, as well as resources for entrepreneurs ready to start or take their small business to the next level.
Browse State Incentives and Business Resources
The state of Maryland has a robust set of programs available to provide tax and funding incentives for new and expanding businesses. With programs from workforce development to energy efficiency, many employers qualify for one or more incentive packages. Click the link below to learn more.
State Programs to Help Build Local Industry
Incentives programs are helping to enable new industry in Maryland.
While there are a number of incentives that most businesses can qualify for, Maryland maintains a robust incentives regime designed specifically to empower manufacturers. Discretionary funds, workforce development grants and more help to support new and existing industries build out their productive capacity in our state. Learn about some of the key programs below.
Manufacturers that expand in one of Allegany County's five Opportunity Zones can qualify for income tax credits, based on 5 to 10 year employment benchmarks.
Available to Tier 1 Counties (which Allegany is) this tiered tax incentive program tax credit value equates directly to the number of jobs created and the capital investment made by the company.
A workforce development grant program that matches the costs to SME manufacturers technology companies to provide next level training for their employees.
One of the only state level discretionary programs for direct funding of large expansion projects. Can be a loan or grant, depending on level of employment.
