Enterprise Zone

The BDC manages the State of Maryland Enterprise Zone program in Baltimore City. Enterprise Zones (EZ) are intended to encourage investment in distressed areas by offering incentives to existing businesses to expand and helping to attract new companies, to invest and create jobs.  A fact sheet about Enterprise Zone and EZ Focus Area benefits can be downloaded here.

Enterprise Zone benefits include:

Real Property Tax Credits

  • 10-year tax credit on incremental increase in property taxes resulting from real property improvements
  • 80 percent tax credit years 1-5
  • Decreases 10 percent annually years 6-10
  • Tax credit goes to the property owner

Income Tax Credits

  • $1,000 tax credit per new employee
  • $6,000 tax credit over 3 years for hiring economically disadvantaged employee
  • Credit may be carried forward for 5 years
  • Credit may be claimed by any firm located within Enterprise Zone eligible property that adds new employment meeting certain requirements

To find out if your business is in an Enterprise Zone, please visit CityView and type in the property address. To apply for the property tax credit, please visit https://cityservices.baltimorecity.gov/PropertyTaxCredits/.  For more information or questions about eligibility and Enterprise Zone certification, please contact us at info@BaltimoreDevelopment.com.