HAGERSTOWN, MD (June 15, 2021) – The Washington County Department of Business Development (DBD) is pleased to announce the Maryland Department of Commerce has officially approved the County’s application to expand the Hagerstown/Washington County, MD Enterprise Zone. 

 

The Enterprise Zone is an economic development incentive tool administered by the DBD 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 mechanism has enabled our local economy to emerge from the Covid-19 pandemic significantly ahead of when the shutdowns began. The expanded acreage will allow County and City business development staff to better market the available land. 

 

The newly approved Hagerstown/Washington County, MD Enterprise Zone encompasses Census Tract 10.01 which includes parcels on Sweeney Drive as well as the property on Oak Ridge Drive formally known as the Review and Herald. This new approval adds 328.85 acres to the economic development zone now creating a total land area of 4,409.82 acres across Washington County, MD and Hagerstown, MD.   

For additional information regarding the Hagerstown/Washington County, MD Enterprise Zone please visit https://www.washco-md.net/business-development/taxes.

 

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