Find 19970 economic development agencies, departments and corporations. Economic development agencies provide information on resources for economic growth through the expansion of local businesses and by attracting new business and tourism.
Worcester County Economic Development 100 Pearl Street Snow Hill MD 21863 30.7 miles from 19970 410-632-3112
Caroline County Economic Development 15 South 3rd Street Denton MD 21629 45.5 miles from 19970 410-479-0655
Delaware State Economic Development 99 Kings Hwy Dover DE 19901 47.7 miles from 19970 302-739-4271
Maryland State Economic Development 100 Heron Boulevard Cambridge MD 21613 51.1 miles from 19970
A tax abatement is an agreement between a business and a taxing entity, such as a state, county, or local government, which provides a temporary tax reduction for a business that expands or makes physical improvements. Typically, the additional property taxes that would have been levied as a result of the business expansion or improvement are forgiven for a specified period of time. Businesses are sometimes offered tax abatements as a way to encourage expansion and investment.
An Economic Development Agency is an agency of the government staffed by professional employees who implement the programs and services of the agency. An Economic Development Commission usually refers to an appointed board that serves as an advisor on economic policy. Economic Development Commissions are common at the county and local levels of government.
Most Economic Development Agencies have a staff person or office to help prospective business owners to understand how to register their business and obtain any necessary licensing.