Sec­ond county en­ter­prise zone could be cre­ated

Times-Record - - NEWS - By ABBY AN­DREWS aan­drews@car­o­line­times­record.com

DEN­TON — Parts of three towns in north­ern Caro­line County could soon make up a new “en­ter­prise zone,” a state-des­ig­nated area of­fer­ing tax cred­its to busi­nesses to en­cour­age cap­i­tal im­prove­ments and job cre­ation.

Deb­bie Bow­den, di­rec­tor of the Caro­line County Eco­nomic Devel­op­ment Cor­po­ra­tion, ap­peared at the Caro­line County com­mis­sion­ers’ meet­ing Tues­day, Oct. 9, to re­quest they sign a res­o­lu­tion sup­port­ing an ap­pli­ca­tion for the North County En­ter­prise Zone.

The com­mis­sion­ers voted unan­i­mously to sign the res­o­lu­tion, adding their sup­port to that of the gov­ern­ments in the three po­ten­tially af­fected towns: Ridgely, Greens­boro and Golds­boro.

Bow­den said the Mary­land De­part­ment of Com­merce should no­tify her by the end of the year whether or not the ap­pli­ca­tion has been ap­proved.

If ap­proved, it will be the sec­ond en­ter­prise zone in the county; the first one was cre­ated in Fed­er­als­burg in 2015.

Bow­den said any busi­ness within the des­ig­nated zone that makes at least $100,000 in cap­i­tal im­prove­ments will re­ceive lo­cal and county tax cred­its, which will be re­im­bursed by the state.

Ad­di­tion­ally, any busi­ness that cre­ates at least five jobs will get an in­come tax credit, Bow­den said.

The pro­gram will be man­aged lo­cally by Bow­den’s of­fice, she said.

Her of­fice will also han­dle mar­ket­ing the pro­gram and its tax in­cen­tives, to both en­cour­age ex­ist­ing busi­nesses to grow and at­tract new ones to the area.

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