19951 Economic Development Agency

Find 19951 economic development agencies, departments, and corporations. Economic development agencies provide information on resources for economic growth, expansion of local businesses, attracting new business and tourism.

Caroline County Economic Development 15 South 3rd Street Denton MD 21629 34.0 miles from 19951 410-479-0655

Worcester County Economic Development 100 Pearl Street Snow Hill MD 21863 35.9 miles from 19951 410-632-3112

Delaware State Economic Development 99 Kings Hwy Dover DE 19901 36.0 miles from 19951 302-739-4271

Maryland State Economic Development 100 Heron Boulevard Cambridge MD 21613 43.6 miles from 19951

Economic Development Agencies Near Me

About Economic Development Agencies

What is a tax abatement?

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.

What is the difference between an Economic Development Agency and an Economic Development Commission?

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.

What do I need to do to start a new business?

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.