Page 30 - October 2023 Issue.indd

The Rate of Change expansion and job creation. The beautiful thing about this

program is current and new businesses can take advantage of it.
in Business
Companies that invest in their buildings or land could realize

significant savings on the property tax on the new value of
By Debbie Bowden, Director,
those improvements. The property tax credit portion of the

Caroline County Economic
program is a tiered reduction in property taxes on newly
Development and Tourism
assessed value after an improvement. Companies that create at

least five new jobs could get up to $1,000 per job state income
One of the responsibilities of economic development is to
tax credit.
manage programs that help incentivize growth. One program
in our toolkit is the Enterprise Zone program. It is a tax The program is a partnership between the State of Maryland,

credit program that provides growing businesses with an which provides reimbursement of the benefits, and the County

opportunity to save on property taxes when significant and Towns. The program is administered by the Caroline
property improvements are made and income tax credit when County Economic Development. A business must become
new positions are created. The Enterprise Zone program certified by the County and meet certain eligibility requirements

is a geographic based incentive program; commercial and to take advantage of the benefits. More information on the

industrial parcels in two zones have been designated as eligible program and certification is available at carolinebusiness.com.

for consideration of incentives. The Federalsburg Enterprise
For updates on any future business support, please visit
Zone was established in 2015 and includes parcels in the
carolinebusiness.com, sign up for our newsletter, and follow
industrial parks and commercially zoned parcels in town. Th e
Caroline County Economic Development on Facebook.
North County Enterprise Zone was established in 2018 and
covers eligible parcels in Ridgely, Greensboro, and Goldsboro. Caroline County Economic Development and Tourism is an offi ce
within Caroline County government. For updates on any future
The Enterprise Zone program is a Maryland Department of

Commerce tool to grow existing businesses, create jobs, and business support, please visit carolinebusiness.com, sign up for our
newsletter, and follow Caroline County Economic Development
revitalize communities. The Enterprise Zone benefits can
on Facebook.
spur business growth through property improvements and
Open House As Christmas is approaching, it’s nice to
know, this unique shop in Denton is where
you must go.
Holiday gifts that seem just right,that would
make this season, so special and bright.
This place is called, Tuckahoe Treasures,
their items will surely bring smiles and
pleasure.
The fleece from Alpacas, is the theme of
this story, with sweaters and mittens and
scarves, and hats, the beauty, the softness,
the colors, the charm, don’t miss the stop
at this local Denton farm.

Come meet the Alpacas and see them at
Saturday, November 25 • 10–3 play, this visit will surely make your day.
On other days, please call and we will be happy to Written by Frannie Ireland, a family friend
open the store for you. We look forward to seeing
you and so do the alpacas!

7 7
8955 Tuckahoe Road, Denton, MD 8&.$+2( 5($685(6
Glenn & Elaine Orme 410-479-2971 Alpaca and Yarn Barn
www.tuckahoetreasures.com

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