Tax Credits
& Finance Programs
Job Creation Tax Credits
Working with state and federal economic development partners, business owners on Maryland’s Coast have access to targeted incentive programs to start or expand in Worcester County. From farming and fishing to manufacturing, cybersecurity and the arts, these programs incentivize job creation, innovation and expansion.
Maryland provides a $3,000 tax credit per eligible job, and $5,000 if in a revitalization area, for businesses that create new jobs to encourage businesses expanding or relocating to Maryland.
The credit increases if the new full-time position is filled by a qualified veteran employee. The enhanced credit is equal to $4,000 per job that is filled by a qualified veteran employee or $6,000 per job that is filled by a qualified veteran employee in a revitalization area.
Find our more details on the benefits, eligibility, limitations and more as well as additional information on the Veterans Tax Credit here.
State of Maryland Financing &
Tax Credit Programs
- Advantage Maryland
- Biotechnology Investment Incentive Tax Credit
- Brownfields Revitalization Incentive Program
- Enterprise Zone
- Job Creation Tax Credit
- Maryland Disability Employment Tax Credit – Workforce Development & Adult Learning
- Maryland Industrial Development Financing Authority
- Maryland Research and Development Tax Credit
- More Jobs for Marylanders
- One Maryland Tax Credit
Additional Programs:
a highly successful incumbent worker training program. With a substantial initial investment of $500,000 in business engagement funds.
provides matching training grants and support services targeted to improve the competitive position of small and mid-sized manufacturing and technology companies.
a state funded agency that works with child care providers and other early educators, community organizations and families on the Shore to help promote the availability of quality child care services in Somerset, Worcester, Wicomico, Caroline, Dorchester, Kent, Queen Anne’s and Talbot counties.
provides contracting opportunities on state-funded procurements for qualified veteran-owned small businesses. Only the work of a certified VSBE firm can be counted towards an established VSBE contract goal. There is no cost to obtain certification.
Worcester County Programs:
Manufacturing Machinery
Tax Exemption
For further information or questions, please contact:
Christine Vandercook, Accounting Clerk
Worcester County Department of Finance
P.O. Box 248, Snow Hill, MD 21863
(410) 632-0686 x1223
[email protected]
