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Number of businesses met standards to qualify for Enterprise Zone Certification

December 19th, 2022 by WCBC Radio

The  Allegany County Commissioners last week voted to approve a number of businesses that have met existing standards to qualify for Enterprise Zone Certification. The  program provides real property and state income tax credits for businesses located in a Maryland enterprise zone in return for job creation and investments. Businesses located in Focus Areas may be also qualified for personal property tax credits on new investment in personal property and enhanced income tax credit for creating new jobs. Nathan Price is the project manager and he reports the program is having a tremendous economic impact…