Do you have ideas about the proposed Glenmont Enterprise
Zone. If so, you are invited to attend a public hearing on March 27 at 6:30
p.m. at the Glenmont Local Park Activity Building, 3201 Randolph Rd., Wheaton.
The comments from the hearing will be used to develop a recommendation to the
County Executive and the County Council prior to submitting an application to
the State of Maryland to create a new Enterprise Zone.
The Maryland Department of Business and Economic Development
designates the State’s Enterprise Zones, while local governments are
responsible for their administration. Businesses operating within an Enterprise
Zone may be eligible for a tax credit towards their state income tax filings
based upon the number of new jobs created. They may also be eligible for a tax
credit on their local real property taxes based upon their overall capital
investment in a property.
Current Enterprise Zones in Montgomery County include
Wheaton, Long Branch/Takoma Park and Olde Town (Gaithersburg). Silver Spring
previously obtained Enterprise Zone status to help its revitalization efforts.
The draft application will be available for review beginning
March 13 at the Mid-County Regional Services Center, 2424 Reedie Dr., Wheaton,
and at the Wheaton Library, 11701 Georgia Ave., during regular business hours,
and online at www.choosemontgomerymd.com.
To sign up to speak at the public hearing, call Trina Green
at 240-777-2004. Comments may also be emailed to sarah.k.miller@montgomerycountymd.gov.
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