STARTING A BUSINESS?   |   PROPERTY LISTINGS    

* Historic Nathan Building (1st Floor): 2,600 square feet, ideal for Furniture Store or unique retail business to complement our bustling Main Street shopping district
 
* Historic Nathan Building (2nd Floor):
2,500 square feet
 
* Restored Historic Townhouse:
3,500 square feet, ideal for Law firm
 
Now Available!
 
* 513 Poplar Street:  Looking for Restaurant Entrepreneur or Chef to open 2-story restaurant/bar with outside deck.
 
* 303 High Street:  Renovation beginning spring 2008 to turn building into 2 retail spaces and apartments.  Looking for retail tenants.  1400sf; will be delivered in finished shell condition with historic facade renovations complete.  $13 psf net of utilities.
 
* 309 High Street:  Renovation beginning spring 2008 to turn building into 2 retail spaces and apartments.  Looking for retail tenants.  900sf; will be delivered in finished shell condition with historic facade renovations complete.  $13 psf net of utilities.
 

Tax Credits

State Tax Incentives
The major tax incentive programs available to Maryland businesses are:
 
Job Creation Tax Credit for new or expanding businesses that create at least 10 to 25 full time permanent new positions and which have been granted a property tax credit by a local Maryland government.
 
One Maryland Economic Development Tax Credit for businesses that establish or expand a business facility in a priority funding area.
 
Enterprise Zone Tax Credit, including enhanced Focus Area credits for businesses locating within the Enterprise zone a property tax credit for 10 years against local property taxes on a portion of real property improvements; and a tax credit based on wages paid to qualified employees.
 
Research and Development Tax Credit for businesses that incur qualified research and development expenses.
 
Clean Energy Incentive Tax Credit for businesses that purchase and install solar water heating and photovoltaic property or use waste materials to produce electricity.
 
Brownfields Tax incentives for a site located in a jurisdiction that has elected to participate in the Brownfields Revitalization Incentive Program (BRIP).
 
Other credits include:
  • Maryland Disability Employment Tax Credit
  • Employment Opportunity Tax Credit
  • Neighborhood Partnership Program Tax Credit
  • Employer Commuter Tax Credit
More information and a downloadable tax credit program guide is available from the Comptroller of Maryland.
 
 
Local Tax Incentives
A tax exemption is in place for manufacturing and warehousing inventory. Enterprise Zone incentives are available. A five year phase-out of the personal property taxes on manufacturing equipment is underway. These incentives are significant to businesses looking to locate within the County and the County is examining other incentive programs to further promote the economic development of Dorchester County.