Economic Incentives & Tax Credits
High impact incentives for small businesses in Maryland
Maryland stands proudly at the heart of the Eastern Seaboard, the country's prime commercial corridor and one of the most vibrant in the world. Maryland opens doors to funding sources for spurring innovation, expanding workforce, modernizing manufacturing equipment, improving infrastructure, and more. Whatever your business needs, there's probably a Maryland funding source for you. From dedicated programs for small, minority, and women-owned businesses, to programs designed to increase investment in tech startups, and programs that reward businesses for energy efficiency, Maryland offers a variety of financial incentives through tax credits, grants, and loans.
Top tax incentive programs for small and medium-sized businesses in Maryland
Maryland Research and Development Tax Credit
Businesses that have qualified R&D expenditures in Maryland may qualify for the R&D Tax Credit.
Maryland Small Business Relief Tax Credit
The Small Business Relief Tax Credit is a refundable tax credit available to small businesses that provide their employees with paid sick and safe leave.
Data Center Maryland Sales and Use Tax Exemption Incentive Program
Data centers that locate or expand in Maryland and create new full-time positions may receive an exemption from Maryland sales and use tax on the purchase of qualified data center personal property.
More Jobs for Marylanders
More Jobs for Marylanders promotes the growth of manufacturing in Maryland by providing tax incentives for manufacturing job creation. In 2019, the tax credit program was expanded to non-manufacturers that locate or expand in Opportunity Zones.
One Maryland Tax Credit
Businesses that create new positions in Maryland qualify for tax credits. The amount depends on the capital investment made in the project.
Job Creation Tax Credit
JCTC provides an income tax credit to eligible businesses that locate or expand in the state and create a minimum number of net new full-time positions.
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Get the Tax Money You're Owed in Minutes
Subcity empowers small businesses, CPAs, and finance professionals to identify and apply for economic incentives and tax credits. Each year, over $100 billion is allocated for incentives across local, state, and federal programs in the U.S. Unfortunately, a significant portion of this money goes unclaimed or to large corporations with teams of tax attorneys and legal experts.
Subcity utilizes a comprehensive database of incentives to connect small businesses with the programs that were designed to help them create jobs, invest in their communities, and grow their business. Subcity charges a 10-20% fee for the programs they successfully secure, ensuring zero risk for clients as payment is contingent on results. Subcity is on a mission to democratize access to capital for America’s small businesses and has already delivered tens of millions of dollars in tax incentives for clients across the country.