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Maryland Supports Nearly 17,000 Jobs Through State Finance and Tax Credit Programs

The Maryland Department of Commerce announced today that its various finance and tax incentive programs helped create and retain at least 16,892 direct jobs in Maryland during fiscal year 2021. More than 1,000 business recipients utilized the department’s programs over the year, investing nearly $357 million into projects throughout the state. The figures come from the 2021 Consolidated Incentives Performance Report as required by the Maryland Jobs Development Act, which requires the department to report data on certain programs each year. Overall, nearly 40,000 direct, indirect, and induced jobs are supported by Maryland Commerce’s programs, when totaling each of the report’s “total jobs” charts together. “Our administration is proud that Maryland Commerce’s finance and tax credit programs have helped support thousands of jobs in our state,” said Governor Larry Hogan. “Growing our business community and providing quality jobs for the residents of Maryland remains our priority, and programs like these will allow the state to continue working towards that goal for years to come.” When looking at the state’s key industry sectors, the manufacturing sector created and retained the most jobs in FY 2021 with nearly 12,000 reported, spurred by various programs. The professional, scientific, and technical services sector ranked […]

The post Maryland Supports Nearly 17,000 Jobs Through State Finance and Tax Credit Programs appeared first on Southern Maryland News Net.

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