Incentives & Taxes

Fast Track Permitting

Once you've seen what a Frederick County site can do for your company's bottom line, you'll want to put our Fast Track Permitting Team to work. You'll be impressed with a quick turnaround, phased in permits and positive attitude! The Fast Track Program (FTP) is an economic development tool used to expedite projects through the development process while adhering to all established standards.  Applicants receive points based on criteria such as:  job creation, target industry, capital investment, average annual salaries, etc.  Approved applicants will meet with the appropriate staff to discuss project scope, etc., prior to plan submission. If you have additional questions, contact us at info@discoverfrederickmd.com.

New Jobs Tax Credit

New in 2011, businesses who construct or expand by at least 5,000 SF in a priority funding area and create at least 25 full time jobs within the first two years of expansion may qualify for a New Jobs Tax Credit.  An Enhanced New Jobs Tax Credit is available for businesses who expand by at least 250,000 SF at a minimum number of new jobs.

Maryland Department of Business and Economic Develpment Programs

The Maryland Department of Business and Economic Development (DBED), Division of Financing has several programs to assist businesses as they grow in Frederick County. Public financing programs to create new jobs and retain existing jobs in Maryland include a wide range of assistance for a variety of projects. Loan amounts, approved uses, interest rates, terms and forms of financing vary. Assistance available to clarify company need and identify financing alternatives.

Tax Increment Financing

Tax Increment Financing is currently used for large projects. TIFs are done in partnership with the Maryland Department of Business and Economic Development with required number of jobs and capital investment from the company. TIF Bonds fund infrastructure projects and bond payments are made with the increased tax revenue from assessed property improvements.

Policy Guidelines for Tax Increment Financing in Frederick County are available for download here. To apply for TIF, please download an application by clicking here and return by mail along with your application fee.

CDAs (Community Development Authorities)

Community Development Authorities are special taxing districts that are set up to fund infrastructure in specific areas. Frederick County currently has CDAs in the Linganore and Urbana areas.

Economic Development Revenue Bonds

When was the last time you heard of a local government not charging fees for assisting your company in obtaining Economic Development Revenue or Industrial Revenue Bonds? Well, in Frederick County, Maryland we don't. Contact us about our easy application and speedy approval process. If you'd like we can introduce you to one of our community spirited lending institutions who works with us in delivering favorable rates!

Business Incubator

The Frederick Innovative Technology Center, Inc. continues to build on the partnerships with Fort Detrick, Hood College and our other quality educational institutions. Incubators are important in creating and maintaining an entrepreneurial environment. Research shows that incubated companies succeed and locate close to the incubator. For that reason, Maryland and Frederick County see business incubation as a key economic development strategy.