See what you missed at our Business Expo!
Mapping Economic Growth:
A Key to Development in Dundalk and Surrounding Communities
Chesapeake Enterprise Zone – (Designated in yellow on the map)
The proposal to enlarge the Chesapeake Enterprise Zone has the potential for huge impact in the economy of the North Point Peninsula. The incentives available to companies under Enterprise Zone designation remain critical to retaining and growing the industrial base in Baltimore County.
The current 2400-acre zone could double if approved, and provides two dramatic benefits for a business located in the zone – real property tax credits and State income tax credits. If a business increases the value of its real property by making physical improvements, it may be eligible to receive real property tax credits over a 10-year period on the value of the improvement. The credit equals 80% of the tax that would have been paid on the improvement in the first five years and it decreases by 10% in each of the next five years.
If the business hires new employees, it may be eligible for a one-time state income tax credit of $1000 per net new employee. That credit can rise to $6000 per new employee over three years if the employee is determined to be economically disadvantaged when hired. Approval by Baltimore County appears very likely.
There are plenty of other projects impacting local economic development. Here’s a sampling:
Maryland State Fair – Executive Director Dotty Cristy participates in the Maryland State Fair every year. Here is the collection of ribbons won this year. Congratulations Dotty!
Cathy Dailey-Hurley Named As New Chamber Executive Director
The board of directors has approved Catherine Dailey-Hurley as the new Executive Director of the Dundalk Chamber of Commerce, completing an extensive search to replace current Executive Director Dotty Cristy, who retires at year’s end.
“We’re very pleased with our selection,” said Chamber president Jim Russell. “It turned out that finding a candidate to replace Dotty and keep her high standards was pretty challenging.”
Cathy has substantial experience, most recently as a financial analyst, and she has held several supervisory positions in the financial services field. She has demonstrated ability to communicate on written and oral levels, track implementation of scheduling, work under deadline, thrive in a team environment and perform a multitude of daily operations. Cathy has extensive skills in running an office, has computer skills, and is a resident of Woodley Rd.
Please welcome Cathy as she helps to take the Dundalk Chamber of Commerce to its next level of service to the community.
To better serve our community, the Dundalk Chamber of Commerce, has undergone a massive overhaul by introducing a new website and logo to accomplish the vision that we have for our area. Thank you so much for being a part of this journey with us.