The staff at Talbot County Department of Economic Development and Tourism is here to connect you with business resources that are tailored to your specific industry or enterprise. Whether you’re a start-up, specialized industry, or a mature company looking to relocate, we’re here to put your business on Talbot County’s map.
You know your idea is influential and your business plan is brilliant, but you need help taking your concept to execution. Talbot County Department of Economic Development and Tourism is well-versed in working with entrepreneurs to turn your dreams into dollars. Talbot County has the resources to help you launch your start-up.
hotDesks is the Eastern Shore’s connection to the Maryland startup and entrepreneur ecosystem. hotDesks offers a network of coworking spaces, entrepreneur and innovation training, and access to capital for high-growth, scalable startup and growth businesses.
Find your space to grow. Learn more about hotDesks.
Sometimes you just want to pick someone’s brain about the trials and triumphs of starting a business. Talbot County has the perfect space for you do that: SCORE. This nonprofit operates a chapter in Easton comprised of retired business executives that have extensive industry and business know-how. SCORE is dedicated to educating entrepreneurs and helping small businesses thrive. As a volunteer-based network, SCORE offers confidential business counseling services free of charge.
Get the guidance you need. Learn more about SCORE.
Small Business Development Center
The Small Business Development Centers (SBDC) is a partnership between the U.S. Small Business Administration, the State of Maryland, and the University of Maryland College Park. SBDC strengthens small businesses throughout the State by linking startups and small businesses to high quality training, confidential business consulting, and market and industry research. With an office at Chesapeake College, the SBDC can help you access result-driven business knowledge.
Find your business connections. Learn more about SBDC.
With more than 100,000 acres of farmland and 600 miles of shoreline, Talbot County is an agricultural oasis. If you’re interested in exploring the agriculture industry, Talbot County has resources in place to set you up for success.
Maryland Agriculture & Resource-Based Industry Development Corporation (MARBIDCO)
The primary mission of MARBIDCO is to assist Maryland’s farm, forestry, and seafood businesses to achieve profitability and sustainability by providing targeted services that help retain existing Ag/RBI production and commerce, promote rural entrepreneurship, and nurture emerging industries.
Grow your ag business. Learn more about MARBIDCO.
University of Maryland Extension
As a local service to Talbot County residents, the University of Maryland Extension offers educational programs that relate to agriculture, the Chesapeake Bay, the environment, and all things nature. This educational resource brings research-based knowledge to business owners in this industry.
F3 Tech Accelerator Program
Innovation is critical to any industry, and F3 Tech (Farm-Fish-Food) knows it. This statewide private/private initiative simulates economic growth through innovation and technology built upon the agriculture and seafood industry. With a focus on agritech, aquatech and envirotech, F3 offers innovative solutions to a growing population, improved farming methods and addresses the impact of this industry on the environment.
Get your guide to commercializing your innovations. Learn more about F3 Tech Accelerator Program.
Talbot County and the State of Maryland offer incentives for businesses interested in expansion or relocation. As you learn more about these programs, you will see that significant benefits are attainable to just about any new or existing business venture. Contact us today to explore these opportunities. It’s our job to guide you through the incentives process, and we’re here to help.
A portion of the Town of Easton and Tilghman Island are designated as an enterprise zones. The program brings business owners real property and state income tax credits to businesses creating jobs and making capital investments. Easton’s enterprise zone covers 90 acres with several large vacant commercial building assets within the designated area. Tilghman’s enterprise zone is 85 acres and contains the Village Center and two waterfront properties.
Information about the Enterprise Zone and a map of the locations are located here. Contact our office today to learn more about the benefits of doing business in an enterprise zone.
To learn more about our Enterprise Zones, download our information flyer.
Real Property Investment Tax Credit
This applies to commercial or industrial businesses. Talbot County defines a commercial or industrial business as one that is involved in light manufacturing, distribution, technology-based businesses, or research and development.
Think your business can capitalize on Talbot County’s local incentives? Give us a call to discuss what you could qualify for. We’re eager to help.
Maryland Commercial Property Accessed Clean Energy Financing (C-PACE)
C-PACE financing provides 100% up-front capital to commercial property owners to implement building upgrades that save energy and lower operating costs. Improvements are repaid through a long-term surcharge on the property tax bill that transfers with the sale of the property.
C-PACE benefits business owners by providing longer re-payment terms than traditional financing and can be structured to make projects “cash-flow positive” from day one.
Eligible projects that can be financed through C-PACE include solar, wind, geothermal, and high-efficiency lighting
To learn more about C-PACE, download our informational flyer.
Maryland is open for business. The Maryland Department of Commerce is the state’s primary economic development agency, stimulating business growth and expansion of business to Maryland’s companies.
Explore the Maryland Department of Commerce programs and incentives your business could qualify for:
- Job Creation Tax Credit. Businesses that create a minimum number of new full-time positions may be entitled to state income tax credits of up to $1,000 per job or $1,500 per job in a “revitalization area.”
- Maryland Economic Development Assistance Authority and Fund. A flexible and broad-based program, MEDAAF funds grants, loans and investments to support economic development initiatives.
- Maryland Economic Adjustment Fund (MEAF). MEAF assists small businesses with upgrading manufacturing operations, developing commercial applications for technology, or entering into and competing in new economic markets. Eligible businesses include manufacturers, wholesalers, service companies, and skilled trades.
- More Jobs for Marylanders Act. This is a new program that incentivizes and encourages manufacturers to create jobs in the areas of Maryland that are in the highest demand for jobs.
Visit Maryland Department of Commerce to learn more about business incentives that make bringing a business to life achievable.