BERLIN – The re-designation of Berlin’s enterprise zone is expected to continue to attract new businesses.
Last week the Maryland Department of Commerce renewed Berlin’s designation as an enterprise zone. The enterprise zone program, which was created in 1982, provides real property and state income tax credits to businesses that bring jobs and make capital investments in designated areas.
“Enterprise zones are able to stimulate new employment and investment,” said Ivy Wells, Berlin’s economic development director. “Our goal is to provide incentives to attract companies to create permanent job opportunities, expand the tax base, and reduce unemployment.”
Wells said the Berlin Enterprise Zone, which includes the majority of the town’s commercial district, should play a key role in the redevelopment of properties such as the former Merial Select parcel that’s now owned by SonRise Church. She said properties within the zone had access to property tax credits as well as certain income tax credits.
More
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.