Are you looking to start a business in Baltimore County? Franchising is a great way to get your business off the ground, and the county offers a variety of incentives to help you do just that. The Baltimore Development Corporation (BDC) administers the Foreign Trade Zone (FTZ) on behalf of the City of Baltimore and surrounding counties. This FTZ provides federal tax incentives for investments in real estate projects and commercial operations in designated communities. The Montgomery County Biotechnology Investor Incentive Program is also available to investors from biotechnology companies located in Montgomery County.
This program provides supplemental grants to help businesses expand and grow. The county's local incentive program is designed to boost job and business growth in the cybersecurity sector. The Boost Loan Fund program provides access to capital to specific businesses, including small businesses owned by minorities, women, and veterans in the Baltimore metropolitan area. The City of Baltimore also offers personal property tax credits to grocery stores that locate or carry out major renovations in specific areas of the city. Before you can start selling franchises, you must meet state and federal regulatory requirements, including registration requirements. The Securities Division of the Maryland Attorney General's Office manages the franchise registry and enforces franchise laws.
Some companies may be exempt from registration because the franchise fee is too low or because they will not operate in Maryland. To find out if your business location is within a designated area of Baltimore County, Arizona, you can search for a specific address or download a map. With all these incentives available, franchising in Baltimore County is an attractive option for entrepreneurs looking to start their own business.