Garrett County Government - Department of Business Development
Financial Incentives

Current News, Events, and Press Releases

Maryland Nonprofit, Interest-Free, Micro Bridge Loan Account
The program provides short-term financing support to qualifying nonprofit entities between the award date of a government contract and the actual receipt date of those awarded funds.
Governor Larry Hogan Announces Maryland Opportunity Zone Expansion
Governor Larry Hogan today announced a series of initiatives and legislation to further expand the thriving Maryland Opportunity Zone program.
Senator Edwards Wants Business Tax Credit Legislation Expanded
Sen. George Edwards might introduce his own tax credit legislation during this year’s Maryland General Assembly session if he feels Gov. Larry Hogan’s isn’t expansive enough.
Oakland Offers Incentives to Entrepreneurs
The Mayor and Town Council of Oakland have endorsed the concept of offering incentives to potential new businesses, land owners, tenants, or existing businesses willing to invest in downtown Oakland.
Increased Funding Approved for SBA's 7(a) Loan Program
A bill to increase the lending authority for SBA's 7(a) loan program for FY 2015 was passed by Congress and signed by the President.
Officials Hope Rural Tax Incentive Bill Will Pass in 2016
Sen. George Edwards has the backing of R. Michael “Mike” Gill, secretary of the Department of Business and Economic Development, when Edwards tries to pass the economic stimulus bill next year.