Maryland Department of Commerce
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
- Market Research
- Identification/Research of Foreign Markets
Financial Resources and Assistance
- Obtaining Debt Funding (Specialty)
- Obtaining Equity Funding (Specialty)
- Obtaining Government Funding (Specialty)
- Tax Credits
- Micro Loans (Specialty)
- Economic Development Lending (Specialty)
Import and Export Assistance
- Networking/Exploring Exporting
- Financial Assistance for Exporting Activities
Marketing/Sales
- Feasibility Studies
- Market Research
Selling to the Government and Large Corporations
- Government & Military Specifications
Office, Incubator, Laboratory, Kitchen and Meeting Space
- Site Location
- Accelerator / Incubator / CoWorking / Makerspace
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
Stacey Harvey Reid
401 East Pratt Street
Baltimore, MD 21202
(410) 767-6287
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