Talbot County has a plethora of business and economic development incentives, and financing programs for business and commercial building owners to leverage. Learn about the exciting programs that can help facilitate business growth and expansion by attending the Resource Fair sponsored by the Talbot County Department of Economic Development and Tourism, Easton Economic Development Corporation, and Easton Business Alliance.
Representatives from various local and state programs will be on hand to deliver informative presentations on how businesses can qualify for a variety of financing programs and tax incentives on topics ranging from a financing program to fund commercial building energy efficiency upgrades to tax incentives for hiring new employees.
Maryland Commercial PACE: PACE (Property Assessed Clean Energy) financing provides 100% up-front capital to commercial property owners to implement building upgrades that save energy and lower operating costs. Improvements are repaid through a long-term surcharge on the property tax bill that transfers with the sale of the property.
Enterprise Zone: The Enterprise Zone program is an economic development program established by the Maryland General Assembly to provide tax incentives to eligible businesses that are locating or expanding their facilities within designated zones. Talbot County offers two enterprise zones–one in Easton and one in Tilghman Island.
Opportunity Zone: The Opportunity Zone program is a nationwide initiative administered by the U.S. Treasury and created under the 2017 Tax Cuts and Jobs Act. The program provides federal tax incentives for investment in designated communities over the next 10 years. Much of downtown Easton has been designated an Opportunity Zone and investors will be able to reap the benefits of new capital investment to help redevelop the community.
Arts and Entertainment District: Maryland’s A&E Districts help develop and promote community involvement, tourism, and revitalization through tax-related incentives that attract artists, arts organizations, and other creative enterprises to towns and cities across the State. Easton has an A&E district.
About Talbot County Department of Economic Development and Tourism
The Office of Economic Development and the Office of Tourism were merged in 2016 by the Talbot County County Council to fully leverage the synergy and common interest of the two offices. The mission of the Department of Economic Development and Tourism is to enhance and promote a business-friendly environment for current and prospective enterprises and to advocate for policies that support and strengthen the economic vitality of Talbot County. The vision the department sees for Talbot County is simple: Strong Communities. Empowered Businesses. Innovative Solutions.
If you own or operate a business here in Talbot County, or want to start one, you are encouraged to contact the Department of Economic Development and Tourism at 410-770-8058 or visit their office at 215 Bay Street, Suite 5, Easton, MD.