More Jobs for Marylanders Incentive Program (MJM)

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The More Jobs for Marylanders program sunsetted on June 1, 2024. In order to participate in the program, a company must have received an Enrollment Certificate prior to June 1, 2024.

Changes were made to the More Jobs for Marylanders (MJM) incentive program, effective for any business enrolled on or after June 1, 2022. Program changes are described below. If your business received a Program Enrollment Certificate of Approval prior to June 1, 2022, the eligibility requirement and program benefits are reflected in this statute in effect prior to June 1, 2022, as well as this fact sheet.

More Jobs for Marylanders promotes the growth of manufacturing in Maryland by providing tax incentives for manufacturing job creation. In 2019, the tax credit program was expanded to non-manufacturers that locate or expand in Opportunity Zones.

Regulations governing the application procedure and priority of funding became final on April 4, 2022. The application period is open only to businesses that have received an Enrollment Certificate and have been enrolled in the program for at least a full fiscal year.

BENEFITS

MJM provides a refundable income tax credit to eligible businesses that locate or expand in the State and create a minimum number of net new full-time positions.

A business enrolled on or after June 1, 2022 is eligible for a refundable credit against the State's income tax of 4.75% of wages for each qualified position. The refundable income tax credit is available for a 5- or 10-year consecutive benefit period depending on the location of the enrolled project. If the project is located in a Tier 1 Area, the refundable income tax credit is available for 10-year consecutive benefit period. If the project is located in a Tier 2 Area, the refundable income tax credit is available for 5-year consecutive benefit period.

_Note 1: Tier 1 Areas include: Baltimore City, Allegany, Baltimore, Caroline, Cecil, Dorchester, Garrett, Kent, Prince George's, Somerset, Washington, Wicomico, and Worcester Counties. Tier 1 Areas also include Opportunity Zones located in any Maryland county. Tier 2 Areas are any areas which are not Tier 1 Areas._

_Note 2: The total amount of income tax credits is capped in a fiscal year. The initial income tax credits are issued based on the following priority:_ _An eligible project in a Tier 1 Area that received a final certificate in the previous fiscal year._ _An eligible project in a Tier 2 Area that received a final certificate in the previous fiscal year._ _An eligible project in a Tier 1 Area that did not receive a final certificate in the previous fiscal year._ _An eligible project in a Tier 2 Area that did not receive a final certificate in the previous fiscal year._ ELIGIBILITY

To qualify manufacturing businesses must: Be a manufacturer primarily engaged in activities at the facility that, according to the North American Industrial Classification System, would be included in Sector 31, 32, or 33, except for Refiners. Offer ongoing job training or a post-secondary education program (e.g., tuition reimbursement). Manufacturers in Tier 1 Areas must create at least 10 new Qualified Positions. Manufacturers in Tier 2 Areas must create at least 20 new Qualified Positions. A Qualified Position is a job that is full-time, pays at least 150% of State minimum wage, and is filled for 12 months before they qualify for credits. Begin hiring within 12 months of the Notice of Intent to Commerce. Once a business begins hiring, it must add 10 new Qualified Positions (Tier 1 Areas) or 20 new Qualified Positions (Tier 2 Areas)…

Topic areas: Workforce Development, Public Policy and Governance.

Funding amount

This grant provides Varies in funding.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• Not specified by the program.

Eligibility

The program did not publish a separate eligibility statement. See the official opportunity page for the full eligibility criteria.

Agency

More Jobs for Marylanders Incentive Program (MJM) is administered by Maryland Department of Commerce (MD Commerce), listed via Maryland Department of Commerce.