Incentives & Taxes

Increase Your Bottom Line in Frederick County

As Maryland’s largest county by land area with 664 square miles, Frederick County has an abundance of prime commercial opportunities with a solid infrastructure already in place. Frederick County’s competitive tax structure, business-friendly climate and attractive local and state incentives make Frederick County the ideal place to do business. Frederick County is one of just a few elite counties across the U.S. with a AAA bond rating from all three agencies, the highest bond rating possible. This helps translate the financial health and stability in Frederick County.

Taxes

  • Frederick County has ZERO Business Personal Property Tax
  • Frederick County’s Non-Residential Excise Tax is $0 for new buildings, new additions and accessory structures
  • Frederick County’s Real Property Tax Rate is $1.064 per $100 of assessed value and all other county business taxes are EXEMPT.
    • Current municipal tax rates can be found here.
    • Compare Frederick County taxes to other MD jurisdictions here.

Incentives

  • Fast Track Permitting can expedite your project through the development process. More details
  • Frederick County Small Business Loan Guarantee provides a source of financing for existing and aspiring small businesses. More details
  • Tax Increment Financing (TIF) may be used to fund infrastructure for large projects with a required number of jobs and capital investment. Guidelines can be viewed at: TIF Policy Guidelines
  • State, Local and Redevelopment Tax Credits and Incentives are available for certain new and expanding businesses. More details
  • City of Frederick’s Grow Conditional Micro Grant program assists start-ups and small businesses in the City’s targeted industries with a 50:50 matching grant. More details 
  • HUBZones (Historically Underutilized Business Zones) give small businesses Federal contracting preferences. Three are located in the City of Frederick, one in the Town of Emmitsburg and one in the City of Brunswick. For more information and a map, please click here.
  • Maryland Economic Development Assistance Authority and Fund (MEDAAF) and Maryland Industrial Development Financing Authority (MIDFA) provides businesses and political jurisdictions financing capabilities that may be used for targeted industries and certain projects and parameters. Contact us to discuss your project details.
  • Commercial Property Assessed Clean Energy Loans (C-PACE) provides 100% up front capital to commercial property owners to implement building upgrades that save energy and lower operating costs. The loan is repaid through a long-term surcharge on the property tax bill that transfers with the sale of the property. More details
  • Neighborhood Business Works provides gap financing in one of six Sustainable Communities targeted for redevelopment in Frederick County’s older neighborhoods. More details 
  • Facade Improvement Grants provide a business owner up to 50% in matching funds for the improvement of their facades (painting, awnings, lighting, signage, masonry/door/window repair) in designated Maryland Main Street communities. Contact us and find out if your location qualifies.
  • PR Frederick offers existing businesses free marketing and a boost in search engine optimization (SEO). More details
  • Customized Training and Recruitment is available through the Maryland Department of Commerce and Frederick County Workforce Services. Contact us to learn more.