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Business Incentives Whether your business is small or large, our available tax credits and incentives reward you for establishing, relocating, or expanding your business in Garrett County and are a step toward your business realizing its goals. As an active and interested business partner, Garrett County will work with your company to provide the most attractive incentive package, commensurate with project needs, and determine resource availability. Garrett County's outstanding livability coupled with a variety of attractive incentives makes doing business here a pleasure and gives companies a distinct advantage. Economic success is the common goal for all businesses, and our business incentives, training programs, and customized resources will help your business thrive! Bounty Marketing Program -
The Garrett County Development Corporation offers an innovative Bounty Marketing Program. Through this program, the Garrett County Commissioners offer a cash bounty of up to $10,000 for eligible participants who refer a qualified business to the Garrett County Department of Economic Development. For further information, please contact our office at (301) 334-1921.
We feel Garrett County has just what you are looking for - strategic location, reliable/affordable labor, and a friendly business climate. We invite you to visit Garrett County and see first hand what we have to offer. Please call our office if you wish to discuss a business location in Garrett County or if you would like further information.
County Tax Credits -
The Garrett County Business Property Tax Credit Program for new and expanding businesses in Garrett County for improvements reflected on tax bills after June 30, 2007. The GIEC Property Tax Credit for technology-based businesses located in the Garrett Information Enterprise Center (GIEC) on the Garrett College campus in McHenry. The tax credits, to be applied against a business’s county real property tax, is intended to encourage and facilitate business and job growth in the county. The Garrett County Department of Economic Development will certify a business’s eligibility for these tax credits and administer the tax credit programs. Interested businesses should contact Kim Durst at (301) 334-1921 or kdurst@garrettcounty.org. Enterprise Zone Program -
Maryland was a pioneer in the development of enterprise zones. It was the third state to enact its own Enterprise Zone Program, and one of the first states to designate zones. Enterprise zones in the state offer an attractive location alternative for industrial and commercial businesses. Companies locating or expanding in these zones are eligible for property tax and state income tax credits. There is a ten-year credit against local property taxes for real property improvements. There are 1-3 year credits on income tax for wages paid to eligible, new employees in the zone. In Garrett County, four County-owned Industrial and Business Parks are Maryland-designated Enterprise Zones. State Tax Credits -
The State of Maryland offers a myriad of tax credits for the new or expanding business. Each of these credits is outlined in the State's Guide to Business Tax Credits. The guide offers a brief description of each credit and the appropriate contacts for obtaining more detailed information. Some of these tax credits may have additional requirements, carryover provisions, or recapture provisions that are not included in the information provided in the guide. You should contact the appropriate agency to make sure that your business meets all requirements. The information provided in the guide is general in nature and is not intended to replace the advice of your tax professional.
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