Talbot County at a Glance
- Offers the lowest real property tax rate in the state.
- Ranks #8 out of 24 Maryland counties for the best mortgage market
- Population projected to increase by 5.9% by 2020.
- 26% of our population earns $100,000 or more in income.
- Median property value is $287,000.
- Public Schools outperformed the state in 11 out of 14 areas in 2016 assessments.
- Ranks #5 healthiest county in the Maryland.
- Home to University of Maryland Shore Regional Health.
We’re small, but influential.
We have our own unique story to tell. Get to know who ignites Talbot County’s economy.
- Population- 37,799
- Per Capita Income- $41,377
- Bachelor’s Degree or More- 33.9%
- Average Family Size / Household- 2.3
- Total Civilian Labor Force- 19,494
Download full demographic profile by clicking the following link: Talbot County Brief Economic Facts
Shore Regional Health is the largest employer in the Mid-Shore Region with 2,000 employees, 1,700 of whom reside in Talbot County. It has completed a 40,000 sq. ft. emergency pavilion for Shore Medical Center in Easton and is in the planning stages for a new $350 million regional hospital in Easton.
Shore Bancshares, Inc. is a $1.4 billion financial holding company headquartered in Easton, Maryland. They are the largest independent financial services company on the Delmarva Peninsula that offers personalized banking, insurance, and investment services to families and businesses in the Mid-Atlantic region.
Quality Health Strategies, a Medicare/Medicaid fraud and abuse investigator, serves as a government contractor with a national presence at its Easton headquarters.
SeaWatch International is a seafood company that operates a production facility in Easton and is recognized as the largest harvester and processor of clam products in the world. All of the clams are harvested in U.S. fishing waters under federal regulations.
EAG Laboratories, one of the most respected names in contract research and testing, is a global scientific services company that operates their environmental testing and regulatory compliance division out of Easton to meet worldwide environmental testing needs.
Aphena Pharma provides clients with a full range of solutions to address their pharmaceutical packaging and manufacturing requirements. Easton serves as the headquarters of the liquid and topical division with a 140,000 sq. ft. facility.
Celeste is a global specialty chemical company focused on the development of value added cleaning and odor control products serving a range of diverse end markets including aviation, bus, rail, cruise, janitorial, and healthcare.
JASCO North America operates its North American headquarters in Easton where it manufactures instrumentation for molecular spectroscopy and chromatography.
The Whalen Company, a manufacturer of HVAC equipment, offers practical heating and cooling solutions for developers, architects, and builders for commercial and residential buildings. Whalen pioneered the industry’s first vertical stack valveless fan coil and heat pump.
Konsyl Pharmaceuticals, based in Easton, manufactures natural dietary fiber based products for over the counter pharmaceuticals and SITZMARK medical device. The Konsyl line of products has distribution throughout the United States and the world.
APG Media of Chesapeake, LLC owns and publishes newspapers, magazines, websites, and mobile applications in Maryland and Delaware. The company was incorporated in 2014 and is headquartered in Easton, Maryland. APG Media of Chesapeake, LLC operates as a subsidiary of Adams Publishing Group LLC.
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 available for just about any new or existing business venture. It’s our job to guide you to through the incentives process. Contact us today to explore these opportunities.
Talbot County offers the lowest real property tax rate in the state of Maryland and the second lowest income tax rate.
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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.
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 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.