Learn how we can help your business thrive
Use the tools below to learn more about incentives for existing businesses planning to expand to our area, as well as resources for entrepreneurs ready to start or take their small business to the next level.
Department of Commerce Business Programs and Resources
The state of Maryland has a robust set of programs available to provide tax and funding incentives for new and expanding businesses. With programs from workforce development to energy efficiency, many employers qualify for one or more incentive packages. Click the link below to learn more.
State Programs to Help Build Local Industry
Incentives programs are helping to enable new industry in Maryland.
While there are a number of incentives that most businesses can qualify for, Maryland maintains a robust incentives regime designed specifically to empower manufacturers. Discretionary funds, workforce development grants and more help to support new and existing industries build out their productive capacity in our state. Learn about some of the key programs below.
Are you an existing manufacturer hoping to modernize and automate? This program provides direct funding to Maryland-based business making major improvements to their production infrastructure.
Available to Tier 1 Counties (which Allegany is) this tiered tax incentive program tax credit value equates directly to the number of jobs created and the capital investment made by the company.
A workforce development grant program that matches the costs to SME manufacturers technology companies to provide next level training for their employees.
One of the only state level discretionary programs for direct funding of large expansion projects. Can be a loan or grant, depending on level of employment.
Programs exclusive to businesses in Allegany County or Western Maryland
Allegany County Economic and Community development manages two incentives programs: The Business Expansion Deferred Loan Program and the CleanTech Research & Development Grant Program. The George C. Edwards Fund is a regional fund for economic development.
The BEDL Program helps Allegany County-based businesses grow their operations through a low-interest, partially forgivable loan. Companies that meet their success metrics could have up to have half of their loan forgiven, over the agreed upon term.
The CleanTech R&D Program acts a funding partner for research conducted at the University of Maryland Center for Environmental Science (UMCES) Appalachian Laboratory. Qualifying projects can receive up to $50,000 in funding for the development of new environmental technology.
The Senator George C. Edwards Fund, also known as the Western Maryland Economic Future Investment Board, was established in 2022 to help drive economic growth in the region. If you think that you might have a qualifying project in Allegany County, reach out to our team to help you apply.
