The City of Fruitland in Wicomico County and the Town of Hancock in Washington County are the two newest localities to be designated as Enterprise Zones by the Maryland Department of Commerce.
As announced on MD Biz News:
The program provides real property and state income tax credits for businesses located in an enterprise zone in return for job creation and investments. The designated Zones encompass 129 acres straddling the City of Fruitland in Wicomico County, and about 1,870 acres in Washington County and the Town of Hancock.
“Economic development is a team sport, so we were happy to work with our partners in Washington and Wicomico counties as well as officials in Fruitland and Hancock to designate these zones,” said Commerce Secretary Mike Gill. “Commerce, working hand in hand with our local partners, is laser focused on supporting job creation and creating opportunity for residents all across the State.”