State expanding tax-break zone for job creators

Governor signs law

companies can get $1 million in credits

April 29, 1999|By Matthew Mosk | Matthew Mosk,SUN STAFF

Gov. Parris N. Glendening has signed into law a measure that expands the area in Anne Arundel County in which tax incentives are available for businesses locating there.

The new law will give up to $1 million in tax credits to companies that create 25 or more jobs in the region near the port of Baltimore. The economic development zone stretches from Brandon Shores to Middle River in Baltimore County.

Del. John R. Leopold, who sponsored the measure the governor signed Tuesday, said officials have been given a new tool to use when trying to persuade companies to locate here.

"This enhances the attractiveness of our county," Leopold said. "So when the county executive goes on a junket to try and get companies interested in Anne Arundel, this can be another arrow in her quiver."

The law provides a state tax credit of $1,500 per employee for companies with 25 or more employees that locate in the zone. Last year, companies locating in the area around Baltimore-Washington International Airport were offered the same credit.

Leopold said companies that expand by 25 or more jobs could get the same deal.

County Executive Janet S. Owens said the program is particularly beneficial because the money comes from the state and the benefit is seen locally.

"It's definitely a benefit to us, and we plan to take advantage of it," Owens said.

"Anything like that is going to give us a leg up."

The new tax credit is being used to help sell a Pennsylvania recycling company on locating in the port area, said Bill Badger, senior vice president of Anne Arundel Economic Development Corp.

"It's a major advantage and incentive for companies that are looking to bring new jobs to the county," Badger said.

Pub Date: 4/29/99

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