Stanley E. Fulton Complex Hancock, Maryland, USA: Stanley E. Fulton Complex

Friday, March 13, 2009

Stanley E. Fulton Complex - Jobs Arrive

Cabinetmaker moving to former Fleetwood building in Hancock

Hagerstown Morning Herald - Hagerstown, Maryland, USA

By TIM SHEA
tims@herald-mail.com
March 12, 2009

HANCOCK, MARYLAND, USA
Mayor Daniel A. Murphy said Thursday that a high-end cabinetmaker has agreed to become the first tenant...

http://www.herald-mail.com/?cmd=displaystory&story_id=218730&format=html

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CONTACT

The Stanley E. Fulton Industrial Complex is a well maintained, fully operational facility and site owned by the Town of Hancock, Maryland, USA as a place for innovative growth oriented companies that will create jobs for the citizens of the Town and the surrounding communities of the region

PRIMARY CONTACT:

Town of Hancock, Maryland, USA
126 West High Street
Hancock, Maryland 21750

Phone: 301-678-5622
Fax: 301-678-5832

hanmd@verizon.com

Mayor Daniel A. Murphy

Town Manager David Smith

Town of Hancock, MD, USA Website:
http://www.hancockmaryland.com/government.html

ENTERPRISE ZONE

The Stanley E. Fulton Industrial Complex has existing Enterprise Zone Status.

The complex is located at:
35 South Street
Hancock, Maryland, USA 21750

Enterprise Zones
To help promote growth of the industrial and commercial base, local and state incentives are available to new or expanding companies in these zones. Each Enterprise Zone is approved by the state for a ten-year period.

Enterprise Zone Incentives Available to Qualifying Businesses
Local Real Property Tax Credits:
City and County property tax credits for up to ten years on capital investments.
*Credit of 80% on increases in assessed value of real property for the first five years, decreasing by 10% annually for the remaining five years.
State Income Tax Credits:
State income tax credits for creating new jobs.
The credit is a one-time maximum of $1,000 for most new jobs.
Credits for hiring "disadvantaged" employees (vouchered by the State):
First year - $3,000
Second year - $2,000
Third year - $1,000
Hancock Enterprise ZoneApproved in 2005, this 1,500-acre zone surrounds the Town of Hancock, stretching from the Pennsylvania border down to the Potomac River. The zone includes commercial and industrial development opportunities in select areas of town as well as commercial frontage along Main Street.
Eligibility Requirements:
To qualify for Enterprise Zone benefits, a business must be located within the zone and meet minimum requirements for job creation and for capital investment. In addition, there are restrictions on certain business types.
Minimum Capital Investment: (construction/rehabilitation of real property)
Hancock Enterprise Zone – $5,000 + capital investment
Minimum Job Creation: (permanent, full time positions)
Hancock Enterprise Zone – 1 new job created

Stanley E. Fulton Complex Hancock, Maryland, USA

Friday, March 13, 2009

Stanley E. Fulton Complex - Jobs Arrive

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TOWN OF HANCOCK, MARYLAND, USA - STANLEY FULTON INDUSTRIAL COMPLEX - READY FOR FIRST JOBS

CONTACT

Choose Route 522

On the edge of Megalopolis - East Coast Corridor, USA

ENTERPRISE ZONE

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