Maryland Department of Commerce logo
Funder · State agency

Maryland Department of Commerce

Funds economic growth in Maryland through state programs, including grants, tax credits, and loan tools for innovation and manufacturing.

United Statescommerce.maryland.gov
Key stats
Annual funding—
Programs8
Active grants1
Total grants8
About

The Maryland Department of Commerce is Maryland's state economic-development agency and one of 20 agencies in the executive branch. It stimulates private investment and job creation by attracting new businesses and supporting the expansion and retention of existing companies. The agency is led by Secretary Harry Coker Jr. and operates as a state-level body rather than a federal one.

Commerce admi…

Programs & grants under this funder
Advantage Maryland (MEDAAF)

Provides conditional grants, loans, and below-market financing for major economic development projects in Maryland.

1 grant
Advantage Maryland (MEDAAF)
Open
— pool·Rolling submission
Biotechnology Investment Incentive Tax Credit (BIITC)

Provides income tax credits to investors backing early-stage biotechnology companies headquartered in Maryland.

1 grant
Biotechnology Investment Incentive Tax Credit (BIITC)
Between cycles
— pool
Build Our Future Grant Pilot Program

Funds innovation infrastructure projects in twelve technology sectors strengthening Maryland's ecosystem.

1 grant
Build Our Future Grant
Between cycles
$7M pool
Innovation Investment Tax Credit (IITC)

Offers Maryland technology investors tax credits for backing qualified in-state companies.

1 grant
Innovation Investment Tax Credit (IITC)
Closed
— pool
Job Creation Tax Credit (JCTC)

Offers income tax credits to businesses adding new full-time jobs in Maryland with competitive wages.

1 grant
Job Creation Tax Credit (JCTC)
Between cycles
$4M pool
More Jobs for Marylanders (MJM)

Provides Maryland manufacturing employers with wage-based tax credits tied to new jobs.

1 grant
More Jobs for Marylanders (MJM)
Closed
— pool
Maryland Research and Development Tax Credit

Provides a state tax credit for Maryland companies conducting qualified experimental work in the state.

1 grant
Maryland Research and Development Tax Credit
Between cycles
$12M pool
Small Business Relief Tax Credit

Provides Maryland small employers tax credits for paid sick and safe leave costs.

1 grant
Small Business Relief Tax Credit
Closed
— pool
Last verified: 29 May 2026Source: commerce.maryland.gov