Tax Incentives

Worcester County is known for its pro-business climate. With incentives and finance programs available, we are ready to help businesses seeking to start-up, expand, or relocate in one of our great communities.

One Maryland Tax Credit

Businesses that invest in an economic development project in Worcester County and create new full-time jobs may qualify for up to $5 million in state income tax credits. A business is required to declare its intent to seek certification for a One Maryland Tax Credit prior to claiming any expenses incurred or jobs created. Click here for more information.

Enterprise Zone

Businesses locating within an Enterprise Zone may be eligible for a ten-year real property tax credit against local real property taxes on a portion of real property improvements. The zone also offers a one time $1,000 state income tax credit for each qualified new employee. Click here for more information.

More Jobs for Marylanders

Promoting the growth of manufacturing in Maryland, More Jobs for Marylanders provides a refundable State income tax credit (5.75% of the wage per new position), State property tax credit, refund on Sales and Use Tax, and waiver of SDAT fees for the creation of 5 or more jobs. The ten year program requires application, certification, and an accompanying training or post secondary education program.

  • Partnership for Workforce Quality – This program provides matching training funds to growing companies seeking to increase the skills of existing workers for new technologies and production processes, improve employee productivity, and increase employment stability. Matching grant funds are used to reimburse up to 50% of the costs of qualified projects.

Manufacturing Machinery and Equipment

Worcester County offers manufacturing companies a tax exemption on machinery and equipment with a cost of $10,000 or more.

Job Creation Tax Credit

Businesses that create a minimum number of new full-time positions may be entitled to state income tax credits of up to $3,000 or $5,000 per job in a "revitalization area." Worcester County requires a minimum of 10 new jobs within a 24-month period and the positions must be filled for 12 months before applying for final certification. Click here for more information.

HUBZone

Fueling small business growth, the federal government's goal is to award three percent of all federal contracting dollars to HUBZone-certified companies each year. 

To qualify for the HUBZone program, your business must:

  • Be a small business
  • Be at least 51 percent owned and controlled by U.S. citizens, a Community Development Corporation, an agricultural cooperative, a Native Hawaiian organization, or an Indian tribe
  • Have its principal office located in a HUBZone
  • Have at least 35 percent of its employees live in a HUBZone

You can find the full qualification criteria in Title 13 Part 126 Subpart B of the Code of Federal Regulations (CFR). You can also get a preliminary assessment of whether you qualify at the SBA's Certify Website.

Maryland Business Works

The Maryland Department of Labor, Licensing and Regulation, in consultation with the Maryland Department of Commerce, has returned the Maryland Business Works program, the highly successful worker training program.  Training funds can be used to upgrade the skills of current employees while also creating opportunities for new hires in in-demand occupations and skills. 

  • Invests in Maryland Private Sector Businesses — Private sector businesses headquartered, or having a physical presence, in Maryland are eligible to apply. However, funds will be primarily targeted to small businesses with 100 employees or fewer; local and regional businesses providing in-demand products or services; and, businesses which are facing potential layoffs.
  • Provides True Partnership with Businesses — There is a dollar-to-dollar match requirement, and a $4,500 training cap funding level that may be awarded to a specific trainee for a project or series of projects.
  • Meets Businesses Training Needs The Program funds classroom-based training, in-house staff training, apprenticeships, and other opportunities for Maryland’s businesses as they create and foster their talent pipeline.

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Arts and Entertainment District

An Arts and Entertainment District is a geographically designated area in which a high concentration of arts and entertainment facilities serve as an anchor attraction. The intent of the District is to stimulate neighborhood revitalization, improve the attractiveness and safety of areas, stimulate business activity (particularly in the evenings and on weekends), attract residents and visitors and build the tax base.

The tax incentives available upon the designated Arts and Entertainment District include: an income tax subtraction modification for qualifying residing artists; a property tax credit; and an exemption from the Admissions and Amusement Tax. For more information on Arts and Entertainment in Worcester County, contact:

Ivy Wells, Economic and Community Developmet Director, Town of Berlin, at 410-629-1722

 

For more information on these and other tax incentives visit The Maryland Department of Commerce