Starting or growing your business in South Frederick? Don’t miss out on these local financial resources and incentives.
A Qualified Opportunity Fund is an investment vehicle that is set up as either a partnership or corporation for investing in eligible property that is located in an Opportunity Zone and that utilizes the investor’s gains from a prior investment for funding the Opportunity Fund. Benefits of the Opportunity Zone program include temporary deferral, step-up basis, or permanent exclusions from taxable income of capital gains from sale or exchange of an investment in an Opportunity Fund.
Visit our Incentive Zones page for more information.
The City of Frederick provides many strategic incentives to encourage rehabilitation, capital investment, and job creation. The County, State, and Federal levels of government offer many additional programs that are accessible to Frederick businesses looking to grow.
Explore City-wide opportunities here.