Consolidated Incentives Performance Report FY2020

The Maryland Department of Commerce offers many programs and services to assist businesses to create and retain jobs and to grow in Maryland. In Fiscal Year 2020, the Department issued a total of $29.1 million in direct assistance and $42.3 million in tax credits across 21 programs covered by this report.

Recognizing the importance of measuring these programs, the Maryland General Assembly passed the 2013 Maryland Jobs Development Act, requiring Commerce to report annually by December 31 on certain finance programs and tax incentive programs administered by the Department during the prior fiscal year. The intent of this report is to include data on the number of jobs created, the number of jobs retained; the estimated amount of State revenue generated; and any additional information by each program and each recipient.

• Executive Summary
• Full Report
  

​Attachments for FY20 Consolidated Incentives Report

BIITC

• BIITC Report FY20
• BIITC Qualified Investors FY20

BUY MARYLAND CYBER

• Buy Maryland Cyber Status Report FY20
  

CIITC