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MD
One Maryland Economic Development Tax Credit (OneMD) – Manufacturing Capital Investment
Maryland tax credit for capital investment and job creation in distressed counties; in FY2025, 31 companies received 33 final certificates totaling $23.4M creating 3,964 new jobs; credit amount based on capital investment and number of new qualified jobs created in a 24-month period; Basic credit capped at $5.5M annually; Growth credit capped at $6.5M; manufacturing is a primary eligible sector in distressed counties.
About this program
Visit the program website for full details.
Eligibility
Manufacturers making capital investments and creating jobs in distressed Maryland counties; project construction must begin within 12 months of approval and be completed within 3 years.
Requirements
- Manufacturing business locating or expanding in a distressed Maryland county
- Capital investment project in an eligible distressed county
- Construction must begin within 12 months of approval