Cost of Business

State Tax Rank

State Corporate Sales
Maryland 19 8

 Source: Tax Foundation; 2016 State Business Tax Climate Index

State Unemployment Insurance Rate

State Minimum Maximum Taxable Wage Base
Maryland .006% .09% $18,500

 Source: Tax Foundation, 2016

State Sales Tax Rate

State Rate
Maryland 6.0%

 Source: Tax Foundation, 2016

Property Taxes

State Average Local Income Tax Rates (h)
Maryland 2.9%

  Source: Tax Foundation, 2016

County Average Paid
Charles County $3,424

 U.S. Census Bureau American Community Survey, 2015

State Income Taxes

State of Maryland Rate

Corporate

8.25%

Personal

 
≥ $0 2.00%
≥ $1,000 3.00%
≥ $2,000 4.00%
≥ $3,000 4.75%
≥ $100,000 5.00%
≥ $125,000 5.25%
≥ $150,000 5.50%
≥ $250,000 5.75%

 Source: Tax Foundation, 2016

Utilities

Electric Average Cost Per KW Hour
Southern Maryland Electric Coop Inc (All Sectors) 7.83¢

 

Natural Gas Commercial Cost Per KW Hours
Maryland $11.15

 

Water/Sewer Rates Per 1,000 gallons
Water (0-18,000 gallons) $3.33
Sewer (Usage capped at 24,000 gallons) $7.13

 Source: Charles County Government

Land Costs Per Acre
  Low High Avg
Industrial $20,000 $250,000 $110,000
Office $60,000 $1.2M $310,000
Retail $60,000 $1.5M $410,000

 

Rental Rates Per SF (2016)  
  Charles County, MD DC Metro Region % Less
Retail $17.29 $24.97 -31%
Office $21.91 $34.88 -37%
Industrial $7.02 $7.28 -4%
Flex $11.68 $12.57 -7%

 

Views from Charles

Ignite Entrepreneurship: Tips for Connecting from a Local Broadband Provider

Published: Friday, September 22, 2017

In our latest “Ignite Entrepreneurship” blog, Daniel Thompson, CTO of the newly launched PeakeNet Broadband – a locally owned and operated internet service provider bringing connectivity to rural Maryland communities – shares his insights for other entrepreneurs in Charles County.

Find A Property

Contact

Claudia Bellony-Atanga
Economic Research Specialist

Charles County EDD
10665 Stanhaven Place

Suite 206

White Plains, MD 20695

Phone: 301-885-1347

BellonyC@MeetCharlesCounty.com

“Charles County is a great central location for us to have access to all of our customers. We do business with NSWC Carderock, Naval Research Laboratory, NAWCAD Patuxent River, NSWC Dahlgren, and Indian Head Naval Support Facility, to name a few.”

Scott Decker
Director of Operations

Cardinal Scientific

“We are proud to be a key part of Charles County’s future and we heartily encourage other, cutting-edge companies to join us.”

Doug Egan
Chief Executive Officer
Competitive Power Ventures

“Charles County is where we started our company and where we grew and expanded. We now operate our managed print and managed IT solutions in five states and provide custom apps all around the globe. Our headquarters is still in Charles County, an excellent place to conduct business and recruit highly skilled individuals for our ever growing team!"

Joshua Justice
President

Just Tech

 

“We are proud to be a key part of Charles County’s future and we heartily encourage other, cutting-edge companies to join us.”

Katharine Tate
 Executive Director of Provider Engagement and Community Relations

Righttime Medical Care

“Charles County is a great place for businesses to start, grow, and thrive! We've worked with over 100 businesses since we opened our doors in Charles County, and I've witnessed the majority of these businesses achieve all three.”

Darlene M. Breck

Owner

Southern Maryland Business Center

“Charles County is a great place to do business because of the passion of the business community and the residents who strive to make it the best that it can be."

Andrew W. Welburn

President

The Welburn Organization