Financing

Whether you’re seeking funds to start up, expand, or fund sustainable upgrades, our Economic Development Department can connect you with essential capital. We determine the most appropriate financing for your aspirations and industries. Options include:

Business Development Loan Fund for Women, Minorities, and Veterans

This fund offers micro-loans up to $35,000 to small, disadvantaged (minority, women, or veteran-owned) businesses. Eligible companies must demonstrate viability. View our brochure. Download an application here.

Targeted Industry Loan Fund

This fund offers loans to eligible companies relocating or expanding businesses within target industries. Intended as gap financing, it provides up to $100,000 and offers a 15 year repayment below prime rate. View our brochure. Download an application here.

Maryland Commercial PACE (Property Assessed Clean Energy) Loans

PACE financing provides 100% up-front capital to commercial property owners to implement upgrades that save energy and lower operating costs. Improvements are repaid through a long-term surcharge on the property tax bill that transfers with sale of the property. Explore your eligibility.

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. This offering is most applicable to manufacturing.

Private Activity Bonds (Tax Exempt or Taxable)

These bonds are 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.

Tax Increment Financing (TIF)

If your business is located in a TIF district, 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 infrastructure within the designated area(s) is eligible for support.

State Incentives

The State of Maryland’s pro-business environment boasts a variety of incentives for businesses at every phase. Charles County’s Economic Development Department can help you determine the incentives tailored to your business.

Incentives include:

 

 

$335,000 in economic development loans are at work in our community.

 

Views from Charles

Growing Our Local Talent

Published: Monday, October 15, 2018
Building a strong labor force is critical in many aspects of economic development, and by providing quality education and training in Charles County, we’re creating a skilled workforce to meet ...

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

“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