Maryland Businesses Receive Microgrants From Opportunity Zone Investment

Seven manufacturing and retail businesses in Maryland are receiving microgrants from a $500,000 Opportunity Zone investment, Governor Larry Hogan announced Friday. Opportunity Zones are designated communities that are eligible for federal capital gains tax incentives. “Our state has been working hard to supercharge investment and make Maryland’s 149 Opportunity Zones the most competitive ones in America,” said Governor Hogan. “Maryland Opportunity Zone funds have already received more than $333 million of equity investments, and we continue to see expansion of businesses, new jobs, and much-needed affordable housing in these areas.”