During a workshop this week, Frederick County Council members discussed the creation of a new tax credit program that would provide tax credits for up to 10 years for new and expanding manufacturing businesses in the County. The Council is set to vote on this program on September 1.
As reported by the Frederick News Post,
The proposed commercial and industrial tax credit would be available to manufacturing, fabricating and assembly businesses expanding in or moving to Frederick County. To qualify for the tax credit, businesses must invest at least $5 million and create 25 full-time jobs, according to county documents.
As previously reported on Conduit Street, the City of Frederick passed a similar credit earlier this month.