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. View brochure. Download application.

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

 

DOWNLOADS 

 

 Business Development Loan PDF  Target Industry Loan PDF    

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

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