Maryland

Maryland offers a variety of programs to support job creation, workforce development, and investment in underserved areas. Programs like the Maryland Job Creation Tax Credit and More Jobs for Marylanders Program provide tax incentives and funding to encourage businesses to expand and create jobs within the state, especially in manufacturing and Opportunity Zones.

Maryland Job Creation Tax Credit

• Purpose: Incentivizes job creation in Maryland.
• Eligibility: Businesses creating at least 60 new full-time jobs, or 30 jobs in designated cases.
• Benefit: Tax credits up to $3,000 per new job, available for up to 2 years.
• Application process: Apply through the Maryland Department of Commerce.
• More info: Offers higher tax credits for jobs in revitalization areas. Jobs must pay at least 150% of the federal minimum wage.

Maryland grants for small businesses

For Maryland grants for small businesses, programs like the Maryland Job Creation Tax Credit provide tax incentives that support job creation and business growth across the state, especially in economically distressed areas.

Other relevant programs in Maryland

• More Jobs for Marylanders Program: Provides tax credits and exemptions for manufacturing job creation, available for up to 10 years in Tier 1 areas and 5 years in Tier 2 areas. Applications are handled by the Maryland Department of Commerce.
• Employment Advancement Right Now (EARN) Maryland: Funds industry-led workforce development initiatives, focusing on skill development. The program recently announced $7.3 million in grants to train over 3,400 workers. Applications are managed through the Maryland Department of Labor.
• Opportunity Zone Enhancement Program: Offers enhanced tax credits for businesses investing in designated Opportunity Zones, encouraging economic growth in distressed communities. Applications are processed through the Maryland Department of Commerce.
• Small Business Relief Tax Credit: Provides up to $500 per employee for small businesses with 14 or fewer employees that offer paid sick leave, with a maximum benefit of $7,000 per business. Apply through the Comptroller of Maryland.