Caroline County Economic Development
CCED News

Training: Federalsburg Enterprise Zone Tax Credit

Calling all Federalsburg businesses! We will be hosting a training session on the Federalsburg Enterprise Zone on Wednesday August 16th, 9:00 – 10:00 a.m. at the Federalsburg Library (124 Morris Ave., Federalsburg).

The Enterprise Zone offers two types of incentives:

  1. Real Property Tax Credits – for businesses investing at least $100,000 in capital improvements
  2. State Income Tax Credits – for businesses hiring at least one net new employee working a minimum of 35 hours per week and paid at least 150% of the federal minimum wage

The training session will review the application process (it’s easy!), benefits, and FAQs. You should plan to attend if you will be hiring full-time employees AND/OR making an investment of at least $100,000 in your property.

The Federalsburg Enterprise Zone encompasses all three industrial parks, most commercial areas within town limits, and some industrial properties just outside town limits. If you would like to verify that your business is located within the Zone, please contact the Town of Federalsburg at 410.754.8173.

If you plan to attend the training session, please email us to let us know. If you have any questions, you can also call us at 410.479.4188.

More CCED News