|
Wicomico County and the State of Maryland
offer a variety of financing programs to meet the needs of the business
community. These include loans, loan guarantees, equity
participation, bond issuance and venture capital investments. Among
considerations for allocating financing is the potential for job creation
and job retention, the level of capital investment, the return on capital
investment, and the strengthening of key industry sectors.
In addition, SWED serves as a referral
source for federal programs offered through the U.S. Department of
Agriculture and the U.S. Small Business Administration.
New: Recovery Zone
Facility Bonds
The Federal government,
through the American Recovery and Reinvestment Act (stimulus program) has
created an incentive for projects in areas experiencing economic and
fiscal distress. The program allows private entities to borrow using
Recovery Zone Facility Bonds (tax exempt debt) to finance private
activities.
For more information and to
discuss specific projects, contact SWED at 410.749.1251.
|
