HAGERSTOWN, MD (January 11, 2023) – The Washington County Department of Business Development announces the Maryland Department of Commerce has officially approved the County’s application to renew and expand the Hagerstown/Washington County Enterprise Zone.
The Enterprise Zone is an economic development incentive administered by the Department of Business Development and is used to attract new jobs and businesses to the area. This program provides qualifying businesses with State income tax credits and local real property tax credits in return for job creation and capital investments made in the designated Enterprise Zone. This incentive has enabled the local economy to move forward from the COVID-19 pandemic significantly ahead of when shutdowns began. The expanded acreage will allow the City of Hagerstown Business Development staff to better market available property.
The newly approved Hagerstown/Washington County Enterprise Zone encompasses portions of Census Tracts 602, 700, 900, and 11100 which includes parcels along South Potomac Street and First Street, Kuhn Avenue, Frederick Street and Edgewood Drive, and South Burhans Boulevard and West Antietam Street. This new approval adds 536.69 acres to the economic development zone, resulting in the creation of a total land area of 4,946.51 acres across Washington County, Maryland and Hagerstown. The Hagerstown/Washington County Enterprise Zone is renewed to December 15, 2032.
For additional information, please contact please visit https://www.washco-md.net/business-development/taxes, or contact Linda Spence, Financial Incentive Administrator, at [email protected].