Income Tax Credits :: Real Estate Tax Abatements :: Personal Property
Tax Exemptions :: Work Force Training Programs
We’re business friendly! Allegany County offers many incentive programs that can make locating here a savvy business decision. Real property tax credits, job creation tax credits, low interest loans, grants, start-up cost abatements – all can be found in Allegany County. Our office is ready to help you find all the cost advantages possible.
The State of Maryland offers assistance in containing the cost of doing business on a number of levels. In Allegany County, the Department of Economic Development and Communication works closely with both existing companies and companies looking to locate in our community in finding the program – or programs – best suited to helping your company reach its goals.
Allegany County is home to two federal HUBZones, one located in South Cumberland and one in Frostburg. The HUBZones Empowerment Contracting Program provides Federal contracting preferences to small businesses that obtain HUBZone Certification.
There are three Maryland Enterprise Zones designated in Allegany County. Businesses locating in a Maryland Enterprise Zone may be eligible for income tax credits and real property tax credits in return for job creation and investments made in the zone. Allegany County's Enterprise Zones are located in Cumberland, Frostburg and Rt. 220 South, giving businesses several tax saving options.
For further information on incentives, call the Maryland Department of Commerce click here.