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:

• Technology Transfer: transferring bioscience or technology discoveries into practical, commercially-relevant products
• Funding incentives in the form of loans, grants, or tax credits for targeted initiatives
• Loan guarantees backed by the State of Maryland
• Venture capital to foster rapid innovation
• Grants for far-reaching technology product development