Queen Anne's County Enterprise Zone
The Enterprise Zone is a geographically designated area wherein investments in commercial development and redevelopment and job creation are eligible to receive tax credits. The Queen Anne’s County’s Enterprise Zone includes a majority of the Planned Growth Areas of Grasonville, Chester, and Stevensville, including the Chesapeake Bay Business Park, Matapeake Professional Park and the Thompson Creek area. Infrastructure exists to support new, infill and redevelopment of commercial property. Eligible commercial projects within the Enterprise Zone can be certified to receive a commercial real property tax credit prorated over 10 years. Eligible businesses operating within the Enterprise Zone can receive income tax credits for the creation of full-time jobs. The following uses are not eligible: fast food restaurants, convenience stores, stand-alone gas stations, adult entertainment and gambling facilities.
- There is no minimum on the number of employees to meet the necessary qualifications.
- Must have been hired after the date on which the Enterprise Zone was designated or the date on which the business relocated in the Enterprise Zone, whichever is later.
- Must be filling a new position or replacing an employee who was previously certified as economically disadvantaged.
- Must have been employed at least 35 hours a week for at least six months.
- Must be paid at least 150% of the federal minimum wage throughout his or her employment by a business entity before or during the taxable year for which the entity claims a credit.
- Must have spent at least half of his or her working hours in the Enterprise Zone or on activities directly resulting from the business location in the zone.
- Must be a new employee or an employee rehired after being laid off by the business for more than one year.