Maryland companies can tap into a variety of funding and incentive programs offered by the Maryland Department of Commerce and other partner organizations throughout the state.
The State has an extensive portfolio of grants, loans, incentives, and tax credits available for Maryland businesses. Click on the following links to access information about each of these programs:
- Tax Credits
- Grant and Training Programs
- Loan Guarantees
- Tech Transfers
- Defense-Dependent Company Training
- Venture Capital
The Maryland Department of Commerce's Financial Incentives for Businesses brochure provides information on tax credits, grants, and loans at a glance.
The Maryland Industrial Partnerships (MIPS) Program promotes the development and commercialization of products and processes through industry/university research partnerships. MIPS provides funding, matched by participating companies, for university-based research projects that help the companies develop new products. The program is administered at University of Maryland, College Park, and works throughout the 12 member institutions of the University System of Maryland, including Frostburg State University, as well as Morgan State University and St. Mary’s College.
TEDCO is an independent that strives to be Maryland’s lead source for entrepreneurial business assistance and seed funding for the development of startup companies in Maryland’s innovation economy. It was created by the Maryland State Legislature to facilitate the transfer and commercialization of technology from Maryland's research universities and federal labs into the markeplace and to assist in the creation and growth of technology-based businesses in Maryland. TEDCO provides mentoring, funding, and networking opportunities to entrepreneurs and start-up technology companies.
You can also explore the State's Incentives Map to see if your business falls within a special incentive zone.