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List of incentives available in this location for quick easy reference below.

Incentives

Table key

• Incentive offered
• Incentive not offered
• Did not submit information

Cash grants/incentivesMore [+]Less [-]
The Maryland Department of Business and Economic Development (DBED) through its Office of Finance Programs provides a variety of incentive-based programs to assist companies with capital expenses who are locating or expanding within Maryland. Programs focus on the Department’s strategic goals of creating and retaining jobs (particularly in high-risk areas), with emphasis on high-quality positions and family-supporting wages with benefits.
Tax exemptionsMore [+]Less [-]
Maryland offers a wide variety of tax credits for business. They vary by activity, industry and geographic location.
Property assistance / other fiscal incentiveMore [+]Less [-]
The Maryland Department of Business and Economic Development (DBED) through its Office of Finance Programs provides funding assistance to businesses and local jurisdictions for a broad usage including land acquisition, infrastructure improvements, building, fixed assets and leasehold improvements.
Training and labor market assistanceMore [+]Less [-]
Partnership for Workforce Quality grant program provides matching training grants and support services to small and mid-size Maryland manufacturing and technology companies, to aid business retention and growth through training.
Loan guarantees, cheap loans or financeMore [+]Less [-]
The Maryland Industrial Development Financing Authority (MIDFA) program encourages private sector investments through the use of insurance, and the issuance of tax-exempt and taxable revenue bonds.
Exemptions from regulations
Target sectorsMore [+]Less [-]
Information & Technology - Includes concentrations in cybersecuity, information technology,interactive technologies and communications Health & LifeSciences Aerospace & Defense
Sectors specific incentivesMore [+]Less [-]
Maryland Biotechnology Investment Incentive Tax Credit - Provides income tax credits equal to 50% of an eligible investment. Offers incentives for investment in seed and early stage, biotech companies, up to $250,000. Maryland Venture Fund- State-funded seed and early-stage equity fund that makes direct investments in technology and indirect investments in venture capital funds. 60 percent is invested in technology companies for software, communications and IT security. Challenge Investment Program – Provides financing for seed-stage companies to cover a portion of the initial costs associated with bringing new products to market. Maximum investment of $150,000. Enterprise Investment Fund Program – Makes direct equity investments in emerging technology companies. Investment ranges from $150,000 to $500,000. Maryland Technology Transfer & Commercialization Fund - Provides funding for Maryland technology companies located in approved incubators Maryland to develop technology-based products/services in collaboration with the universities in Maryland and/or federal labs. Funds up to $75,000 are available.

Sponsorship

If you are the authorised promotions agency for Maryland and would like to have your location highlighted on fDi Atlas, you can contact our sales team on + 44 (0) 207 775 6667 or contact us here.