Financial & Tax Incentives

Targeted tax incentives and financing programs that help businesses to create, expand, and relocate to our community, support our goal of stimulating economic growth, and creating employment opportunities for our residents.

 

Are you...

Learn About What Programs Apply to You! 

RELOCATING a Business 

EXPANDING a Business 

STARTING a Business

SEEKING Investment

 COMMERCIAL PROPERTY OWNER 

Tax Incentives

Montgomery County tax incentives

  • New Jobs Tax Credit: Combined state and county tax credits to businesses that hire 25 or more permanent, full-time employees and occupy 5,000 square foot of new and previously unoccupied space
  • Enhanced New Jobs Tax Credit: Combined state and county tax credits to businesses that create at least 500 or 1,250 new permanent and full-time positions, increase its space by at least 250,000 square feet, and pay all these employees at least 150% of the federal minimum wage
  • Brownfield Property Tax Credit: County real property tax credit on the incremental increase in property value of a Qualified Brownfield Site after completion of a voluntary cleanup or corrective action plan.
  • Green Building Tax Credit: County real property tax credit on the total property value of a building or reconstruction project that achieves a LEED certification.
  • Arts & Entertainment Districts: Montgomery County’s three state-designated Arts & Entertainment Districts lessen the financial burdens for local artists and the property owners who support them.

State of Maryland tax incentives

Financing Programs

Montgomery County financing programs

  • Economic Development Fund Grant/Loan Programs: Private employers who retain and create jobs in Montgomery County, especially high technology and manufacturing companies
  • Small Business Revolving Loan Program: Small businesses with annual revenues of less than $5 million and fewer than 75 employees
  • Biotechnology Tax Credit Supplement: Modeled after and working in collaboration with Maryland's Biotech Investment Tax Credit Program, the county's program allows investors receiving tax credits through the state's program to receive a supplemental payment from the county based on their investments in county biotechnology companies
  • Cybersecurity Tax Credit Supplement Program: The county's latest local incentive program aimed at spurring job and business growth in the cybersecurity sector
  • Green Investor Incentive Program: This program offers a supplement to investors of green businesses in Montgomery County.
  • MOVE Program: The MOVE program is designed to attract new businesses to Montgomery County. Offers lease rebates to companies moving into the county for the first time.
  • Equity Investment Program: This program, a sub-program under the Economic Development Fund, allows the county to make an equity investment in a company located in or relocated to Montgomery County.
  • Life Sciences Impact Grants: The Life Sciences Impact Grant Program was created in 2014 to provide financial assistance to life science employers who retain jobs and to stimulate the organic growth of life sciences in Montgomery County.

State of Maryland financing programs