Brownfields Tax Incentive Program

A state program available through the Maryland Department of Business and Economic Development that aims to reclaim former industrial sites, the Brownfields Tax Incentive Program provides businesses tax credits for simply locating in a targeted brownfield area.

At Allegany County's North Branch Industrial Complex, businesses qualify for real property tax credits at 50% to 70% of the increased value of the property for up to 10 years.

The only caveat: the credit may not exceed 100% of the tax on the increased value of the property.