Financing

Economic Development Revenue Bonds

Also termed an industrial revenue bond (IRB), this bond issue is sponsored by the County but the proceeds are directed to a private, for-profit business, allowing the company to benefit from the government's status as a tax-exempt entity. Most applicable to manufacturing.

Private Activity Bonds (Tax Exempt or Taxable)

Qualified private activity bonds are tax-exempt bonds issued by a state or local government, the proceeds of which are used for a defined qualified purpose by an entity other than the government issuing the bonds.

Business Development Loan Fund for Women, Minorities and Veterans (Microloan)

This fund offers loans up to $35,000 to small, disadvantaged (MBE, WBE, Veteran) businesses. Company must demonstrate viability. View brochure. Download application.

Tax Increment Financing

Available within Tax Increment Financing (TIF) District(s). The County may issue bonds to pay for infrastructure for a new or expanding development in the designated area(s). The debt is repaid by the additional increment of taxes generated by the new project and increased assessments in the TIF District. Almost all infrastructures within the designated area(s) are eligible.

Targeted Industry Loan Fund

This fund offers loans to eligible companies relocating or expanding businesses within targeted industries. Intended as gap financing. Up to $100,000 and 15 year repayment, below prime rate.

* IRBs and private activity bonds are subject to special IRS requirements.

Views from Charles

Ignite Entrepreneurship: Tips for Success from the College of Southern Marylandís Entrepreneur and Innovation Institute

Published: Monday, July 17, 2017

In our newest blog series, “Ignite Entrepreneurship,” we profile local entrepreneurs to learn more about what “ignited” their success, and also gain insights about being an entrepreneur in Charles County. For the first blog of this series, we sat down with Thomas Luginbill, director of the College of Southern Maryland’s newly-established Entrepreneur and Innovation Institute (EII).

Find A Property

Contact

Lucretia Freeman-Buster
Chief of Business Development

Charles County EDD
10665 Stanhaven Place

Suite 206

White Plains, MD 20695

Phone: 301-885-1344

BusterL@MeetCharlesCounty.com

“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’s strategic location in the DC Metro region affords us networking and business opportunities with some of the top names in our industry."

George Nash
Director of Business Development
Facchina