Job Creation Tax Credit

Businesses that locate or expand in the City of Crisfield may be eligible for Maryland’s Job Creation Tax Credit. In qualifying areas such as Crisfield, businesses that create at least 10 new full-time jobs within a 24-month period may qualify for a state income tax credit of $3,000 per new job, or $5,000 per new job if the project is located in a designated revitalization area. Higher credit amounts may also be available for qualified veteran employees. Businesses must submit notice to the Maryland Department of Commerce before the new positions are counted, and credits are awarded on a first-come, first-served basis, subject to program limits. Complete program details, eligibility requirements, and application information are available through the Maryland Department of Commerce.

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Resource: commerce.maryland.gov/fund/programs-for-businesses/job-creation-tax-credit