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 2021, the Department issued a total of $42.9 million in direct assistance and $48.8 million in tax credits across 20 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 Dec. 31 on certain finance programs and tax incentive programs administered by the Department during the prior fiscal year. The report reviews each program on how it is meeting the objectives of the Department of Commerce. Additionally, the report contains estimates 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.
BIITC
