One of the nation's leading manufacturers of dry felt paper for construction and industrial uses, Maryland Paper Co., plans to expand its operations in Williamsport and will make use of property tax credits to help fund the expansion.

Vitreon America, a company that researches how plants can be used to make medicine, is moving from Northern Virginia to Baltimore — and bringing with it 200 jobs. Vitreon will be eligible for the state's job creation tax credit and One Maryland tax credit as part of their move.

Since he was elected, Gov. Hogan says that the state has invested $215 million toward Lower Shore projects, including $1 million toward downtown Salisbury's Main Street revitalization project. Other money has gone to school building projects in Wicomico County, the Salisbury wastewater treatment plant and Arthur W. Perdue Stadium. Hogan said he also has invested in repairing "crumbling" roads and 69 bridges across the state.

Maryland's Governor Hogan has signed into law a state income tax credit for specific costs related to energy storage systems installed between January 1, 2018 and December 1, 2022.  Systems eligible for the credit are systems that are used to store electrical, mechanical, chemical or thermal energy that was once electrical energy to be used as electrical energy at another time or in a process that would offset electrical use at peak times of electrical use. 

Company officials said they expect to host a ground-breaking ceremony in mid-July behind Maryland American Water's treatment plant just south of Bel Air on Route 1 as workers start the company's $15 million water storage reservoir. The Company is obtaining money through the Maryland revolving loan fund to cover the cost of the intake project.

CGC Holdings, Inc., a food distribution company in Jessup, Md., recently completed construction and has moved into a new 160,000-square-foot building in Howard County. The company is eligible for various state and local tax credits, including Maryland's Job Creation Tax Credit.

The Maryland Clean Cars Act of 2017 (SB 393/HB 406) was signed into law by Governor Larry Hogan on May 4, 2017. This will extend the Electric Vehicle Tax Credit program through fiscal year 2020. The Electric Vehicle Tax Credit yearly funding will increase by over 30 percent. 

CDFA Summer School is a week long series of courses presented by the CDFA Training Institute. These courses qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Participants may register for one, two, or three courses during CDFA Summer School. Complete three courses, and you will have fulfilled half of the requirements for the DFCP Program.

The East Baltimore Revitalization Initiative is the largest urban redevelopment effort in Baltimore since the successful redevelopment of the Inner Harbor. This report focuses specifically on financing strategies that have helped move the project forward, and details the important role the Annie E. Casey Foundation played in leveraging its philanthropic resources in innovative ways to bolster this initiative.

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