Resources

We are knowledgeable in local zoning requirements and the local market and we are happy to talk to any existing or potential business owners about opportunities in Hyattsville. Contact us for help over the telephone, fill-out our Calls for Assistance form, or visit us in person. 

Tax Incentives

  • Enterprise Zones
    Are you in the Rt. 1 or West Hyattsville Enterprise Zone? The CDC has a map of businesses along Route 1 and in West Hyattsville. An Enterprise Zone is an area of a county, city or town in which state and local incentives and assistance are offered to encourage the expansion of existing businesses and the attraction of new business activity and jobs. The county's Enterprise Zone Program is administered by the Prince George’s County Economic Development Corporation. 

  • Gateway Arts District-related Tax Credits: Including State Income Tax Reductions; Maryland Economic Development Assistance Fund (MEDAF) - For Businesses; Prince George's County Enterprise Zone Tax Credit - For Expanding Businesses; Prince George's County A&E Real Property Tax Credit - For Commercial Property Owners; and Prince George's County Revitalization Tax Credit - For Development Projects. Visit MyGatewayArts.org for more information.

  • Historically Underutilized Business (HUB) Zones 
    The HUB Zone Program stimulates economic development and creates jobs in urban and rural communities by providing Federal contracting preferences to small businesses. 

  • High technology property tax credit
    Eligible companies may receive a Real Property Tax Credit if they make at least a $500,000 investment in 5,000 square feet or more of real property that is newly constructed or substantially improved by, or for, them and create at least 10 new full-time positions over a period of three years.

  • Bio-Heating Oil Tax Credit
    Businesses may claim a credit for each gallon of heating oil blended with biodiesel purchased for space or water heating.

  • Businesses that Create New Jobs Credit 
    Businesses located in Maryland that create new positions and establish or expand business facilities in the state may be entitled to a tax credit.

  • Commuter Tax Credit 
    Maryland-based businesses that provide commuter benefits for employees may be entitled to a tax credit for a portion of the amounts paid during the taxable year.

  • Employer-Provided Long-Term Care Insurance Credit 
    Employers who provide long-term care insurance as part of an employee benefit package may claim a credit for costs incurred.

  • Film Production Tax Credit
    Film production businesses may be entitled to a tax credit against the State income tax for certain costs incurred in the State that are necessary to carry out a film production activity.

  • Job Creation Tax Credit
    Businesses that expand or establish a facility in Maryland before January 1, 2013, resulting in the creation of new positions in the state may be entitled to a tax credit.

  • Long-Term Employment of Ex-Felons Tax Credit
    Businesses that operate in Maryland and hire one or more ex-felons during the period from January 1, 2007, through December 31, 2011, who are employed by the business for at least one year, may be entitled to a credit.

  • Maryland Disability Employment Tax Credit 
    Businesses that hire people with disabilities may be entitled to a tax credit for wages paid to the employees and for child care or transportation expenses paid on behalf of the employees. A person with a disability includes a veteran released from the armed forces for a service-related disability. The credit may be claimed for individuals hired before July 1, 2010.

  • One Maryland Economic Development Tax Credit
    Certain businesses that establish or expand a business facility in a priority funding area or as part of a project approved by the Board of Public Works, and that are located in a "distressed" Maryland county, may be entitled to a tax credit for costs related to the new or expanded facility.

  • Research and Development Tax Credit 
    Businesses that incur qualified research and development expenses in Maryland are entitled to a tax credit.  This credit is available for tax years beginning after December 31, 1999, but before January 1, 2011.

  • Sustainable Communities Tax Credit
    A refundable credit may be allowed for substantial expenditures incurred to rehabilitate certified structures in Maryland on or after June 1, 2010, but before July 1, 2014.

  • Work-Based Learning Program Tax Credit
    Businesses that hire students as part of an approved work-based learning program in the state may be entitled to a tax credit for a portion of the wages paid to the individuals.

Back to Top

Loan Guarantee

  • U.S. Small Business Administration (SBA) 7(a) Loan Program
    The business gets a loan from its lender with a 7(a) structure and the lender gets an SBA guarantee on a portion or percentage of this loan.  Phone: (410) 962-6195.

  • Maryland Industrial Development Financing Authority (MIDFA)
    Encourages private sector financing in economic development projects located in Priority Funding Areas. MIDFA facilitates capital access by issuing private activity revenue bonds and can provide credit insurance in the form of a deficiencies guaranty to reduce lender's risk. Phone: (410) 767-6376. 

  • Maryland Small Business Development Financing Authority (MSBDFA)
    Provides financing for small businesses that are not able to qualify for financing from private lending institutions or owned by socially and economically disadvantaged persons. Phone: (410) 333-4270.

  • Maryland Capital Access Program
    A small business credit enhancement program that enables private lenders to establish a loan loss reserve fund from fees paid by lenders, borrowers, and the State of Maryland. Phone: (410) 209-5808.

Back to Top

Direct Loans

Back to Top

Equity investment

  • Maryland Venture Fund
    Makes direct investments in technology and life science companies and indirect investments in venture capital funds. The Fund has two investment vehicles: the Challenge Investment Program and the Enterprise Investment Fund. Phone: (877) 821-0099.

  • Equity Participation Investment Program's (EPIP)
    To enhance business ownership of socially or economically disadvantaged entrepreneurs, financial assistance through loans, loan guaranties and equity investments. To be used for purchasing a franchise, acquiring an existing profitable business or developing a technology based business. Phone: (410) 333-4270.

Back to Top

Technology Transfer and Collaborative Funding Programs

  • TEDCO - Maryland Technology Transfer Fund (MTTF)
    Provides funding for Maryland companies who wish to develop technology-based products and/or services in collaboration with the Universities and/or Federal Laboratories in Maryland. Phone: (410) 740-9442 or (800) 305-5556.

  • TEDCO - BRAC Technology Transfer Initiative (BTTI)
    The Maryland Technology Development Corporation's BTTI seed stage investment program is a component of the Maryland Technology Transfer Fund (MTTF). MTTF provides funding for seed stage companies working with either one of the federal or universities laboratories in Maryland. Phone: (410) 740-9442 or  (800) 305-5556.

  • TEDCO - Fort Detrick Technology Transfer Initiative (FDTTI)
    Facilitate transfer of technology development projects to be considered within the scope of the FDTTI if the company can show how the proposed technology will meet the technology needs of USAMRMC (Spin-In) and/or the commercialization of USAMRMC technologies. Phone: (410) 740-9442 or (800) 305-5556.

  • TEDCO - Johnson & Johnson Joint Investment Program
    A component of the Maryland Technology Transfer Fund (MTTF), a seed stage fund for companies working with either one of the federal laboratories or universities in the state of Maryland. Phone: (410) 740-9442 or (800) 305-5556.

  • Maryland Industrial Partnerships (MIPS)
    Accelerates the commercialization of technology in Maryland by jointly funding collaborative R&D projects between companies and University System of Maryland faculty. Phone: (301) 405-3891.

Back to Top

DBED Financing Programs

Back to Top

Training

Back to Top

Find a Location

More Resources

About Us

We are dedicated to the revitalization and sustainable development of the Hyattsville community. Founded in the fall of 2000 by community activists, our mission is to develop arts, entertainment, and public spaces; spur economic development and the quality of community life; encourage widespread leadership for community revitalization; and to rebuild the City's commercial corridors. We are both excited and confident in Hyattsville's continuing revitalization. Learn more about our Ongoing Initiatives.

Feel free to contact us to share how together we can help shape the Hyattsville community.

Contact Us

4312 Hamilton Street, Hyattsville, MD 20781

This email address is being protected from spambots. You need JavaScript enabled to view it.   |  301-683-8267

Subscribe to our Newsletter

 Facebook Twitter LinkedIn Flickr Google+ Instagram Tumblr
Presented by the Hyattsville Community Development Corporation