Building your Maryland business in Dorchester County
MDBIZ News plans to feature every Maryland county in its weekly “Building your Maryland business” series. If you are a representative of a county economic development group, please contact the editor, Emily Pope, at firstname.lastname@example.org.
Even down to its heart-shaped boundaries on Maryland’s Eastern Shore, there are plenty of reasons to love Dorchester County. Business owners, workers and residents enjoy the county’s high quality of life, strategic location and economic incentives.
While Dorchester County is known for its family-friendly communities, water-centric lifestyle and commitment to the arts and small business, residents are never too far removed from major economic centers. The county is roughly equidistant from Baltimore City and Washington, D.C., and less than 300 miles from Philadelphia, Pittsburg, Richmond and New York, among other cities.
The county seat, Cambridge, is host to several thriving companies, including GKD USA, Cambridge International, Protenergy and the Hyatt Regency Chesapeake Bay Golf Resort, Spa and Marina.
County officials are in the process of welcoming early-stage companies to the Cambridge-based Dorchester County Business & Technology Park. In September, they plan to break ground on the county’s first full service incubator, located in the business park.
According to Keasha Haythe, Director of Economic Development, the incubator and business park are part of the county’s larger initiative to generate more jobs in technical fields. “Dorchester County is poised for future manufacturing growth,” she said.
Also working to draw new economic activity is the county’s “water moves us” economic branding campaign, which focuses on the innovative drive of area business owners and cultural leaders.
State and federal government also contribute to the county’s economic incentives.
Because Dorchester County is a priority funding area, businesses may qualify for project tax credits of up to $5 million and start-up tax credits of up to $500,000 through the State’s One Maryland Tax Credit, with a job creation minimum of just 25 new, full-time positions. The county also includes Historically Underutilized Business Zones (HUBZones), which allow businesses to apply for incentives through the U.S. Small Business Administration.
Looking for more reasons to build your business in Maryland’s Dorchester County? Visit Dorchester County Economic Development here.