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MD iMAP: Maryland Incentive Zones - BRAC Zones
This is a MD iMAP hosted service. Find more information at http://imap.maryland.gov. The Maryland Department of Commerce (COMMERCE) identifies and maintains boundaries to identify designated areas of growth; provide local governments with financial assistance for public infrastructure in these well-defined areas and align other state resources and programs to local governments and businesses for a coordinated State effort on making the zones the focus of BRAC growth. Last Updated: 11/01/2013Feature Service Link:http://geodata.md.gov/imap/rest/services/BusinessEconomy/MD_IncentiveZones/FeatureServer/3 ADDITIONAL LICENSE TERMS: The Spatial Data and the information therein (collectively "the Data") is provided "as is" without warranty of any kind either expressed implied or statutory. The user assumes the entire risk as to quality and performance of the Data. No guarantee of accuracy is granted nor is any responsibility for reliance thereon assumed. In no event shall the State of Maryland be liable for direct indirect incidental consequential or special damages of any kind. The State of Maryland does not accept liability for any damages or misrepresentation caused by inaccuracies in the Data or as a result to changes to the Data nor is there responsibility assumed to maintain the Data in any manner or form. The Data can be freely distributed as long as the metadata entry is not modified or deleted. Any data derived from the Data must acknowledge the State of Maryland in the metadata.
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MD iMAP: Maryland Archived Incentive Zones
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This is a MD iMAP hosted service. Find moreinformation at http://imap.maryland.gov. Archived map service of Maryland Incentive Zones. Map Service Link: https://archive.geodata.md.gov/imap/rest/services/ BusinessEconomy/MD_ArchivedIncentiveZones/MapServer ADDITIONAL LICENSE TERMS: The Spatial Data and the information therein (collectively "the Data") is provided "as is" without warranty of any kind either expressed implied or statutory. The user assumes the entire risk as to quality and performance of the Data. No guarantee of accuracy is granted nor is any responsibility for reliance thereon assumed. In no event shall the State of Maryland be liable for direct indirect incidental consequential or special damages of any kind. The State of Maryland does not accept liability for any damages or misrepresentation caused by inaccuracies in the Data or as a result to changes to the Data nor is there responsibility assumed to maintain the Data in any manner or form. The Data can be freely distributed as long as the metadata entry is not modified or deleted. Any data derived from the Data must acknowledge the State of Maryland in the metadata.
Enterprise Zone Focus Areas
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The Maryland Department of Commerce (COMMERCE) identifies and maintains boundaries where business may be eligible for income tax, real property and personal property tax credits for job creation and investments. Businesses in an Enterprise Zone Focus Area may be eligible for real property tax credits, personal property tax credits and income tax credits.
One Maryland Jurisdictions
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The Maryland Department of Commerce (COMMERCE) identifies and maintains boundaries where business that invest in an economic development project in a "qualified distressed county" may qualify for project tax credits of up to $5 million and start-up tax credits of up to $500,000.
BRAC Zones
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The Maryland Department of Commerce (COMMERCE) identifies and maintains boundaries to identify designated areas of growth; provide local governments with financial assistance for public infrastructure in these well-defined areas and align other state resources and programs to local governments and businesses for a coordinated State effort on making the zones the focus of BRAC growth.
DC Opportunity Zone Marketplace
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The Opportunity Zones (OZ) program provides tax incentives for equity investments in businesses and commercial projects in designated Census Tracts. The District of Columbia's Opportunity Zone Marketplace is a platform where project sponsors, fund managers, investors, community members, and professional service providers can connect. The Marketplace includes listings of investment opportunities and OZ Community Corps service providers. This platform is managed by the Office of the Deputy Mayor for Planning and Economic Development (DMPED). DMPED assists the Mayor in the coordination, planning, supervision, and execution of economic development efforts in DC with the goal of creating and preserving affordable housing, increasing tax revenue, and creating jobs.
Main Street Areas
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The program strives to strengthen the economic potential of Maryland’s traditional main streets and neighborhoods. Using a competitive process, Main Street Maryland selects communities who have made a commitment to succeed and helps them improve the economy, appearance and image of their traditional downtown business districts. To accomplish Main Street goals, DHCD has partnered with the National Trust for Historic Preservation’s National Main Street Center, which developed the Main Street Four Point Approach for commercial revitalization. Beginning in 2008, Main Street Maryland programs will also incorporate a Fifth Point: Clean, Safe, and Green. This Main Street Areas update includes changes to the Havre de Grace main street area, an expansion of the existing Main Street Area and some attribute updates for that Main Street.
Anacostia Waterfront Development Zone
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Industrial Revenue Bond Program Areas
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Opportunity Zones
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The Opportunity Zone program is a nationwide initiative administered by the U.S. Treasury created under the 2017 Tax Cuts and Jobs Act. The program provides federal tax incentives for investment in distressed communities over the next 10 years. Areas designated as Opportunity Zones will be able to reap the benefits of capital gains to help redevelop undeserved communities. The state was entitled to nominate 149 low-income census tracts to be Opportunity Zones. Once the U.S. Treasury has approved the state’s Opportunity Zone nominations, the designation will be effective for 10 years. The Maryland Department of Housing and Community Development will administer the program with support from the Maryland Department of Commerce. This is a MD iMAP hosted service. Find more information at https://imap.maryland.gov. Feature Service Link: https://mdgeodata.md.gov/imap/rest/services/BusinessEconomy/MD_IncentiveZones/FeatureServer/14
Opportunity Zones Census Tracts Designated by the District of Columbia
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Created in the Tax Cuts and Jobs Act of 2017, Opportunity Zones is a new federal program that provides tax incentives for investments in new businesses and commercial projects in low-income communities. On April 2018, Mayor Bowser nominated 25 census tracts to be Opportunity Zones. The U.S. Department of Treasury certified these tracts on May 18, 2018.
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