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Maryland Department of Commerce

The Maryland Department of Commerce stimulates private investment, creates jobs, attracts new businesses, encourages expansion and retains existing companies. It also provides financial assistance to Maryland companies.

About

As the state’s primary economic development agency, we stimulate private investment and create jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing workforce training and financial assistance to Maryland companies.

The Department also promotes the state’s many economic advantages and markets local products and services at home and abroad to spur economic development and international investment, trade and tourism.

Since 2010, Maryland Commerce has assisted nearly 4,000 small businesses and organizations; helped create or retain 40,000 jobs, and leveraged nearly $3 billion in private investment.

Companies such as Amazon, Discovery Communications, Johns Hopkins Medical, Legg Mason, Millennial Media, Under Armour and Volvo Powertrain have recently located or expanded in Maryland.

Key Services

  • Building and site location assistance
  • Finance programs, tax credits and training grants
  • Business advocacy and consulting
  • Technology transfer
  • Foreign direct investment
  • Export consulting and marketing
  • Tradeshow and conference partnerships

Services Provided

Business Planning

  • Identification/Research of Foreign Markets
  • Market Research

Financial Resources and Assistance

  • Tax Credits
  • Micro Loans (Specialty)
  • Obtaining Debt Funding (Specialty)
  • Obtaining Equity Funding (Specialty)
  • Obtaining Government Funding (Specialty)
  • Economic Development Lending (Specialty)

Import and Export Assistance

  • Financial Assistance for Exporting Activities
  • Networking/Exploring Exporting

Marketing/Sales

  • Feasibility Studies
  • Market Research

Selling to the Government and Large Corporations

  • Government & Military Specifications

Office, Incubator, Laboratory, Kitchen and Meeting Space

  • Accelerator / Incubator / CoWorking / Makerspace
  • Site Location

Economic and Site Development

  • Site Location Assistance
  • Tax Credits

Regulatory Compliance

  • Government Requirements

Tax Services

  • State Tax Credit Information
  • Tax Credits

Starting a Business

  • Forming a Business

Mentoring

  • One-on-One Counseling
Connect Me With This Organization
Contact Information
Stacey Harvey Reid
Address
401 East Pratt Street
Baltimore, MD 21202
Phone
(410) 767-6287
Website
https://businessexpress.maryland.gov/
http://www.choosemaryland.org
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