Business & Tech
State Tax Credits Available to Perryville Business Centers
Cecil County business developments have been renewed as enterprise zones.
The Cecil County Enterprise Zone, which includes some properties in Perryville, has been approved for re-designation, meaning businesses in those developments will be eligible for jobs-related tax credits.
Gov. Martin O'Malley announced Wednesday morning that the Cecil zone—and five others around Maryland—were approved for renewal.
According to a news release from the state, the Cecil zone will add 55 acres, bringing the zone to 4,334 acres.
"The Enterprise Zone designation is a vital incentive for Cecil County," Lisa L. Webb, Cecil County Office of Economic Development Director, said in the release. "It has been proven effective in creating job opportunities and encouraging capital investment in our community. We are pleased to have this re-designation that positions Cecil to be more competitive, strengthening our growth corridor as Maryland's Gateway to Innovation."
The zone includes the following Cecil County business centers:
- Upper Chesapeake Corporate Center
- Elkton Business Center
- Triumph Industrial Park
- Broadlands Business Park
- North East Commerce Center
- Peninsula Industrial Park
- Principio Industrial Park
- Perryville Industrial Park
Other zones approved for re-designation Wednesday include City of Cambridge-Dorchester County, Long Branch/Takoma Park-Montgomery County, Town of Princess Anne-Somerset County and Southwest-Baltimore County, the release stated. A new zone in Glenmont in Montgomery County was also approved, the release said.
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