Departments - Enterprise Zone
Meghan McDonough, Manager of Economic Development
Additional Updates will be forthcoming.
The City of Havre de Grace through the Maryland Department of Business & Economic Development is a designated Enterprise Zone. Havre de Graces uses the Enterprise Zone Program as an economic development tool to promote capital investment, create employment opportunities, expand the industrial and commercial base and support business retention while encouraging new businesses to locate in the City. The benefit of a business participating in the Enterprise Zone Program is for tax credit purposes.
The official designation area is named the Greater Aberdeen/Havre de Grace Enterprise Zone.
Real Property Tax Credits
Credits are available for up to ten years on capital investments. Credit is given for 80% on increases in assessed value of real property for the first five years and decreasing by 10% annually for the remaining five years.
State Income Tax Credits
Requires creating a minimum number of full-time jobs. Salaries must be 150% of minimum wage for 35 or more hours per week. There are additional tax credits for hiring an economically disadvantaged employee.
Click here to download Enterprise Zone Guidelines & Application.
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