From the City of Aberdeen:
In a statement, Phyllis Grover, Aberdeen’s Director of Planning and Community Development, noted that “this is just another indication that the City of Aberdeen is “open for business.” “We continue to see positive economic activity in Aberdeen, and invite businesses who are already here but wish to expand and those who are contemplating joining our growing business community, to consider the economic value of being located in the Greater Aberdeen-Havre de Grace Enterprise Zone. Aberdeen…..Home of Opportunity.”
“The City of Aberdeen continues on a path of economic vitality and growth. The ten (10) year extension of the Enterprise Zone tax credit, in addition to the business-friendly administration at the City of Aberdeen continue to add to the reasons businesses choose to locate in Aberdeen,” said Mayor McGrady.
Maryland’s Secretary of Commerce, R. Michael Gill has just announced the City of Aberdeen, in conjunction with the Maryland Department of Commerce, Harford County Government, Aberdeen Proving Ground, and the City of Havre de Grace has been re-designated as an Enterprise Zone. Since 1996, the Greater Aberdeen-Havre de Grace Enterprise Zone has been officially designated a Maryland Enterprise Zone to provide economic development incentives to new and existing businesses. The incentives include local Real Property Tax Credits for capital investments which include new construction or rehabilitation and State Income Tax Credits for jobs created.
The Greater Aberdeen-Havre de Grace Enterprise Zone area encompasses nearly 9,000 acres. Designated sites inside the City of Aberdeen include areas along the U.S. 40 corridor, Hickory Drive, West Bel Air Avenue, MD 22, and Beards Hill Road. A map of the designated Enterprise Zone is available on the Aberdeen website at www.aberdeenmd.gov.
Blah, blah, blah…
Youd think after people waste millions of dollars building office space and residential homes that aren’t occupied years after should say something?
Would prefer to read “ECONOMIC FREE ZONE” designated in Aberdeen.
What’s the difference between an Economic Free Zone and Enterprise Zone?
Which is really a better choice?
The Economic Freedom Zone legislation will provide the following:
•Immediate Relief – The quickest way to spur economic recovery is to allow residents and successful businesses to keep more of the money they earn so they can more fully engage in economic activity. Economic Freedom Zones achieve this by: ?Reducing the individual and corporate income tax to a single, flat rate of 5 percent;
?Reducing payroll taxes by 2 percent for both the employer and employee, at no cost to the trust funds.
•Mid-Term Reinvestment – The quickest way to spur economic recovery is to allow residents While tax cuts provide immediate relief, economic recovery also requires new investment in communities. Economic Freedom Zones empower both business and local government to make these critical investments by: ?Attracting Business ?Double the amount of 100 percent expensing of all business investment costs;
?Suspending eligible capital gains taxes;
?Suspending EPA non-attainment designations in Economic Freedom Zone areas; and
?Providing municipalities option to waive certain land use restrictions.
?Freeing Municipalities to foster growth ?Exempting eligible municipalities from Municipal Separate Storm Sewer System requirements;
?Streamlining National Environmental Policy Act requirements for construction projects; and
?Suspend Davis-Bacon wage requirements.
•Long-Term Revitalization – For communities to thrive over the long-term, they need to develop and attract the best human capital possible. Economic Freedom Zones help build a 21st Century workforce made up of local talent while attracting new workers. ?Providing states with school choice options with Dept. of Education Title I portability funding for areas designated Economic Freedom Zones;
?Providing a new $5,000 per child educational tax credit to parents or guardians;
?Establish new Economic Freedom Zone Charitable Tax Credit for entities in eligible areas for – ?Religious organizations or institutions;
?Educational entities, including educational scholarships;
?Homeless shelters and food banks.
?Establishing new Economic Freedom Zone Visa (at the State’s discretion) – ?Entrepreneurial investment: for qualified immigrants creating a new business and employing 5 U.S. citizens; and
?Education performance needs: for qualified immigrants with a specialty degree or higher education qualification meeting Economic Freedom Zone needs.
Sounds like you want other taxpayers not living in this zone to subsidize all these credits and giveaways. Why should I subsidize someone’s kids to the tune of 5K each. If you can’t afford them, then you shouldn’t be making them. How about making every healthy person under 62 who draws any form of government assistance have to provide some meaningful work in there community to get that check? How about mandatory service and training for all no exceptions upon turning 18? How about leaner but more effective government? How about eliminating politics as a career? …
Has anyone found the map on the Aberdeen website? It sends you around in circles.
Aberdeen needs to lower the property tax rate on residential homes. What they have done is penalize the 35% of residents who pay their taxes, so that they can pay for the other 65% who live for free. Must be nice to listen be a free life and never have to work a day.