Tax Credits & Incentives

Tax credits stimulate growth in key areas of the economy. Thus, tax credits are a mutual win for a county seeking job growth and companies in target areas or industries. We offer the following tax credits for businesses seeking to startup, expand, or relocate within the county:

Opportunity Zones

This new initiative provides federal income tax benefits for investments in designated communities for the next 10 years. The program was designed to stimulate business investments and improve the quality of life for residents. Taxes on capital gains are deferred, reduced, or even eliminated when invested in opportunity zones. Charles County has designations in three areas:

  1. An area west of US 301 in Waldorf – the southbound side – from the county line to Berry Road, encompassing the proposed Waldorf Station (Greenberg Gibbons) development;
  2. The Town of Indian Head;
  3. An area east of US 301 in Waldorf – the northbound side – from the County line to Berry Road, encompassing the Waldorf Urban Redevelopment Corridor.

Learn about the specifics of the initiative, which is administered by the Maryland Department of Housing and Community Development.

Real Property Job Creation Property Tax Credit

Eligible businesses may receive up to 10 years of property tax credits. Recipients must create a minimum of 10 new jobs in a target industry. Wages paid must exceed Charles County’s average annual wages. New or expanding businesses are eligible for consideration. The tax credit is applied after jobs are created.

Recordation Tax Credit

Eligible businesses may be considered for full or partial waiver of recordation tax. The business must maintain at least 10 or more new, permanent full-time positions or make a capital investment sufficient to yield a substantial increase in annual commercial tax revenue. New, relocating, or expanding businesses are eligible for consideration. Creation of jobs paying above-average Charles County wages and/or significant capital investment required.

Incentives for Key Industries

Tax Credit or Payment in Lieu of Taxes (PILOT) for Energy Generation
This innovative program allows Charles County to negotiate a tax credit or PILOT for new electric generation facilities.

Manufacturing Equipment Tax Exemption
This incentive declares manufacturing equipment and inventory exempt from personal property taxes in Charles County.

 

Get in the Zone: Charles County has Opportunity Zones in three key census tracks.

 

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 ...

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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