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Commercial Revitalization Programs
The Baltimore County Council has designated 12 Commercial Revitalization
Districts. The county has developed revitalization incentive programs for
businesses operating in the following areas:
A team of revitalization
representatives works with businesses and community and business organizations
to assess opportunities, access resources and facilitate investment. Businesses
in these districts are eligible for loans and other assistance to encourage
investment in these established communities.
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Architect-On-Call: Professional architectural
services to get you started. Architect-On-Call offers up to ten hours of
professional architectural design services to businesses in Baltimore
County's commercial revitalization areas. After an initial site visit,
the architect creates a rendering of the property, incorporating
proposed exterior improvements, with a rough cost estimate.
Architect-On-Call service is free when improvements are implemented.
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Business Improvement Loan Program: For exterior
property enhancement, business and property owners in commercial
revitalization districts may apply to Baltimore County for loans up to
$10,000 to enhance their property. Improvements may include, but are not
limited to such as window and siding replacement, painting, landscaping,
signage, lighting, and customer parking areas. Baltimore County Business
Improvement Loans are interest-free when the total project cost exceeds
$15,000.
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Commercial Revitalization Tax Credit: For major
commercial projects Businesses receive a Baltimore County property tax
credit when investment in real property results increases of $50,000 or
more through physical improvements to a property in a commercial
revitalization district. The five-year credit is available through a
simple application submitted at the completion of the improvements. A
ten-year credit is available if the project cost exceeds $10 million and
includes a structured parking facility.
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Maryland's Neighborhood Business Development Program:
Baltimore County links small businesses in revitalization districts to
this Maryland State program, which provides businesses with
flexible gap financing for pre-development, development and start-up
operating costs. |
For more information, please contact:
Baltimore County Department of Economic Development
410-887-3990
revitalization@co.ba.md.us
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