Financial Incentives
Financial Incentives supports Maryland businesses through grants, tax incentives and financing for workforce, innovation and expansion needs, with the goal of driving growth, investment and job creation.
Funder: Maryland Department of Commerce
Due Dates: Program-specific application windows
Funding Amounts: Grants, tax incentives, loans, loan guarantees and financing
Summary: Supports Maryland business growth, investment and job creation through financial incentives for workforce, innovation and expansion needs.
Key Information: This is a collection of financial assistance programs, not a single grant opportunity.
Description
The Maryland Department of Commerce’s Financial Incentives collection brings together business funding programs supporting growth, investment and job creation in Maryland. It covers grants, tax incentives, loans and financing, with resources organized around business needs such as workforce, innovation and expansion. Commerce administers these resources as the state’s economic development agency.
Grant-oriented support includes matching grants for transformative technology and innovation projects, export marketing reimbursements, and grants for manufacturers investing in Industry 4.0 technologies. The broader portfolio also includes venture capital investments and tax-credit programs, including the Biotechnology Investor Incentive and Maryland Innovation Investment tax credits. These resources serve different business activities rather than a single research funding priority.
