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Funding
Tax Credit
  • Past and Present Deadlines
    January 1, 2022
  • Industry Groups
    Energy, Sustainability, and Agriculture
    Cybersecurity, Data, and Technology
    Healthcare and Life Sciences
    Business Services and Finance
  • Specific Industries
    Community/Economic Development
    Manufacturing
    Transportation
    Agriculture
    Arts/Culture/Humanities
    Business Services
  • Audience
  • Tags
    Nonrefundable
  • Visit Website
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Job Creation Tax Credit

Small Businesses
Startups
Early
Growth

Provide an income tax credit of $3,000 per new job to a business that creates new full-time jobs. If the business locates in a revitalization area (state enterprise zone, federal empowerment zone, or DHCD Sustainable Community), the credit increases to $5,000 per new job.

The business may not claim more than $1 million in a credit year. The program is capped at $4 million in tax credits in a calendar year. Credits are certified on a first-come, first-served basis based on when the Maryland Department of Commerce (Commerce) receives the final application and the availability of credits.
Unused credits may be carried forward for five years.

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January 8th, 2020
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Provided By: 
Maryland Department of Commerce
As the state's primary economic development agency, we stimulate private investment and create jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing workforce training and financial assistance to Maryland companies.
  • Past and Present Deadlines
    January 1, 2022
  • Industry Groups
  • Specific Industries
    Community/Economic Development
    Manufacturing
    Transportation
    Agriculture
    Arts/Culture/Humanities
  • Founder Type Focus
  • Tags
    Tax Credit
    Nonrefundable
  • Visit Their Website
  • Grant Minimum
    No funding range specified
    Grant Maximum
  • Type of Support
    Tax Credit
    Nonrefundable
  • Industry Groups
  • Specific Industries
    Community/Economic Development
    Manufacturing
    Transportation
    Agriculture
    Arts/Culture/Humanities
  • Restrictions
  • Founder Type Focus
  • Contact Info
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    Visit Website
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Early
Growth
Funding
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Comments From The Community
I love this Resource!
EcoBot3.0
|
January 8th, 2020
It was one of the most helpful resources for my venture. Too bad this is a generic test comment - if you want to see the real ones from local entrepreneurs, make a profile!
To view comments about this resource from fellow entrepreneurs, or to leave a comment of your own, make a profile!
Make Your Profile
Have You Used This Resource? Submit a Comment
No one has submit a comment for this resource yet. Be the first to do so!
Resource Provider
Maryland Department of Commerce
As the state's primary economic development agency, we stimulate private investment and create jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing workforce training and financial assistance to Maryland companies.

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