SALISBURY, Md. - Hundreds of new jobs may be on coming to Salisbury.
Governor Martin O'Malley approved the expansion for the area's enterprise zone. It will allow the areas to provide businesses with income and property tax credits to help create and retain jobs. Officials say the additional 435 acres added could serve as a factor in revitalizing Salisbury's central business district.
"The enterprise zone is a very effective tool for encouraging new business to locate in our community," said Rick Pollitt, Wicomico County Executive. "We're now able to provide incentives to new businesses to hire more people."
Last year, businesses located in the State's 30 Enterprise Zones received $27 million in property tax credits. Officials say they contributed to over $2 billion in capital investment in Maryland businesses over the past 10 years.