Wicomico Co. Executive's Economic Dev. Initiative Gains Momentum - WMDT 47 News - Delmarva's Choice

Wicomico Co. Executive's Economic Dev. Initiative Gains Momentum

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WICOMICO Co., Md. - Wicomico County Executive Rick Pollitt's economic development initiative took an important step Wednesday. 


It went before the Senate's Budget and Taxation Committee in Annapolis, to gain support behind the legislation.

The plan includes phasing out the inventory tax by 7% over a 5-year-period, as an incentive to bring more businesses to the area.      

Pollitt commented, "My initiative to give county governments the flexibility to consider property tax rates separately from personal property, or business, tax rates, is gaining momentum in the General Assembly as a MACo priority.  We expect a favorable outcome with this effort to further our goal of aggressive economic development policies that support my bridge to our business community." 

 

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