Incentives

ublic, private and quasi-public sources provide financing to new and expanding industrial companies in Maryland. Numerous state programs offer assistance through insurance or guarantees of commercial loans. Benefits for companies include lower interest rates, loans for a greater portion of facility costs, and longer terms than are usually available. The collateral requirements and lending policies of participating private financial institutions often determine the amounts and availability of financing.

The Hagerstown-Washington County Economic Development Commission offers assistance with various financing programs, including the Maryland Industrial Development Financing Authority (MIDFA), the Small Business Administration SBA-504 program, and the Revolving Loan Fund from the Tri-County Council for Western Maryland.

The following is a detailed list of the various grants and loans for which your business may qualify:

• Maryland Neighborhood Business Development Program
• Small Business Administration 504 Program
• Tri-County Council Revolving Loan Fund
• CDC Loans
• Small Business Administration Loan Guarantees
• Community Reinvestment Act
• Maryland Historic Preservation Grants
• Industrial Training Grants

Find more incentive information by clicking the links under 'Incentives' in the main menu.

• New Jobs Tax Credit
• Foreign Trade Zone