Establish an interagency review process to determine the best and most effective delivery mechanisms for state programs and projects.

Timeline (Years)

Timeline

2020
Years 2-4
Years 4-6
2026

Resources

 

Areas of Critical State Concern

Enterprise Zones

The Enterprise Zone program provides real property and state income tax credits for businesses located in a Maryland enterprise zone in return for job creation and investments.

Opportunity Zones

The Opportunity Zone program is a nationwide initiative administered by the U.S. Treasury created under the 2017 Tax Cuts and Job’s Act. The program provides federal tax incentives for investment in distressed communities over the next 10 years. Areas designated as Opportunity Zones will be able to reap the benefits of capital gains to help redevelop underserved communities. Developed by the Maryland Department of Housing and Community Development to facilitate Opportunity Zone investment, the Maryland Opportunity Zone Information Exchange is the first comprehensive, interactive resource of its kind in the nation.

RISE Zones

Regional Institution Strategic Enterprise (RISE) Zone Program is a geographic area that has a strong connection with a qualified institution and is targeted for increased economic and community development.

Sustainable Communities (DHCD)

The Maryland Department of Housing and Community Development's Sustainable Communities Program is a place-based designation offering a comprehensive package of resources that support holistic strategies for community development, revitalization and sustainability. Led by the Department, Sustainable Communities has provided local governments with a framework for promoting environmentally, economically and socially responsible growth and development in existing older communities.

State Programs Provided to Local Jurisdictions

Other Resources

State Visions

Plan Objectives

State Agencies Involved