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Funding
Tax Credit
  • Past and Present Deadlines
  • Industry Groups
    Manufacturing, Construction, and Real Estate
  • Specific Industries
    Manufacturing
    Industry Agnostic
  • Audience
  • Tags
    Refundable
  • Visit Website
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More Jobs for Marylanders Incentive Program

Startups
Small Businesses
Growth
Mature

The benefits are available for a 10 year period. 
-⠀TIER 1 NEW MANUFACTURING BUSINESS: (a) a refundable credit against the State’s income tax of 5.75% of wages for each qualified positon; (b) a credit against the State’s portion of the property tax; (c) a refund of sales and use tax; and (d) a waiver of fees charged by SDAT.
-⠀TIER 1 OR TIER 2 EXISTING MANUFACTURING BUSINESS: A refundable credit against the State’s income tax of 5.75% of wages for each qualified positon.
-⠀OPPORTUNITY ZONE NEW NON-MANUFACTURING BUSINESS: (a) a refundable credit against the State’s income tax of 5.75% of wages for each qualified positon; (b) a credit against the State’s portion of the property tax that is the lesser of 100% of state property tax OR $250 per qualified position; (c) a refund of sales and use tax; and (d) a waiver of fees charged by SDAT.
-⠀OPPORTUNITY ZONE NON-MANUFACTURING EXISITING BUSINESS: A refundable credit against the State’s income tax of 5.75% of wages for each qualified positon.

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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
  • Industry Groups
  • Specific Industries
    Manufacturing
    Industry Agnostic
  • Founder Type Focus
  • Tags
    Tax Credit
    Refundable
  • Visit Their Website
  • Grant Minimum
    No funding range specified
    Grant Maximum
  • Type of Support
    Tax Credit
    Refundable
  • Industry Groups
  • Specific Industries
    Manufacturing
    Industry Agnostic
  • Restrictions
  • Founder Type Focus
  • Contact Info
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    Visit Website
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Growth
Mature
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
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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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