Incentives

The Maryland MADE grant program provides grants to small Maryland manufacturers to invest in the adoption and deployment of smart manufacturing and high-performance manufacturing technologies that will increase energy efficiency, reduce carbon emissions, and enable lasting improvements.

The Montgomery County Job Creation Fund offers businesses a powerful incentive to expand their workforce. Eligible companies creating at least five (5) new full-time, permanent jobs with a base annual salary of $100,000 (excluding benefits) can receive up to $10,000 per new job created. For businesses located in Community Equity Index disadvantaged areas, this award increases to $12,000 per job.

Slated for businesses that have (i) licensed technologies from a qualifying Maryland university within 12 months of applying for a Program award (a Program award can either be for Technology Assessment or Company Formation); and (ii) are located in Maryland.

Businesses that have qualified R&D expenditures in Maryland may qualify for the R&D Tax Credit. The tax credit is equal to ten percent (10%) of eligible R&D expenses incurred during the taxable year in excess of the Maryland Base Amount. If the total credits applied for exceed the statutory caps, the business’s R&D tax credit is prorated. The total statutory cap is $12 million with a small business set-aside of $3.5 million.  A single applicant may not receive a tax credit exceeding $250,000.