20240304 10472400 1.0 TRUE TRUE EnterpriseZone The City of Gaithersburg applied to the State of Maryland Department of Commerce for designation of the Olde Towne area as an enterprise zone. The State approved the City's application on June 15, 2008, with the enterprise zone designation expiring on June 14, 2018. The City adopted local standards for the administration of the enterprise zone by Resolution R-68-10. The initial enterprise zone includes most, but not all, of the property zoned CBD. In 2010, the City applied to the State to expand the area within the enterprise zone to include property along Frederick Avenue and the Hidden Creek Apartments (Resolution R-67-10). The State approved the expanded area in 2010 and the City adopted an amendment to the local standards by Resolution R-68-10, requiring properties within the expansion area to provide affordable housing in conformance with the Adequate Public Facilities section of the Zoning Ordinance, but retaining all of the other benefits of the original local standards. The enterprise zone program provides several incentives for businesses to locate or expand within the zone, including income tax credits and real property tax credits. More information is available at the two links below. http://www.growgaithersburg.com/program-incentives/city-incentives/Olde%20Towne%20Enterprise%20Zone http://commerce.maryland.gov/fund/programs-for-businesses/enterprise-zone-tax-credit Gaithersburg Maryland Enterprise Zone Economic Development Tax Credit Olde Towne Frederick Avenue Boundary of the initial and expanded Enterprise Zone areas within the City of Gaithersburg, as designated by the State of Maryland on June 15, 2008 and expanded in 2010. City of Gaithersburg Publice Use iVBORw0KGgoAAAANSUhEUgAAAMgAAACFCAYAAAAenrcsAAAAAXNSR0IB2cksfwAAAAlwSFlzAAAA JwAAACcBKgmRTwAAB9hJREFUeJzt3f9TFOcdwPGPfFEDFQ4RBb+hotQmGvySayo6thOT0XYmcVon P7S/9n/rL2mSMZlJmxnTUZvBduAkgKQEenqeQpAm0TsCGvG4zmfN0sPefrjj9m4X7v2acUSUc53h 7e7z7LPP1WWz2awAyKsu/6cBEAiwAs4ggIFAAAOBAAYCAQwEAhgIBDAQCGAgEMBAIICBQAADgQAG AgEMBAIYCAQwEAhgIBDAQCCAgUAAA4EABgIBDAQCGAgEMBAIYCAQwEAggIFAAtTfd9P5Odp7IsjD gIFAAvLP6zdl39aXlz5+/SyRhBGBBByH0o/7bwxK9NTxIA4HBgIJOA5XS81Ouf3vhBw4uK/ShwQD gYQgDrWlsVmmkilJtaWkubm5kocFA4FUQCqVktH+CelqP2L+uZ3b98rIjVty5sJrlTgsFIBAKhBH YnhmxThch3YfYdAeIgRSRjqmmP16Qdpb9hT1dXoZdnPgCznx2rGyHRsKQyBlot/gTZkOaW9pX9XX b0g3OGcfxiPBIpAKD8YLpeORxPA92feqEEmACCSEcbj00mx0YFR6z5305fVQPAIJaRyurh2vSN+V AXkleogzSQAIJMRxuHQGjOnfYBBIyOPIvdwaGhqSnp6esv49WI5AKnADcLUmZ5LyZDEtmyN10tre Ij2dxFFpBFKhG4DFGLszIg2ttdJ9skuam7t9f30UjkBKiKPYG4CW2bmUTD+8Jw3b6uSXb0d9e12U hkBCEEd8+pbsOtQmZ15nDVbYEEiRxobivg7IE999Kb1vEkZYEUiRZ4/6hhq58+2o/JBelMP7j5Yc B08ShhuBFEHXReUuICxlepc41gYCKYH+7//5XwecJerFDsjbdm4t5a9GhRBIiY6eOiTDfSPSvafw yy19enD2W5HbwiO2YUcgPlx21TfWFv11RLI2EIgPOjpbZSqedJaoryaS2MNBORllR5MwIhAfdHZ2 ishdiU/cKvrOukYy8+C+H4eBMiAQHyPRH/okoaQbZFfO2eT+g6Ts3uF9dnk2v+jXYcBnBOIznQbW +yW6PF1nt3TGqm7bY2cZidfd95/uPyrvv/ehXHr3t34fDkpEIGUauOvWPc7euxs2SLTn+I9LVLwj 6dnbK+/96QN59w+/K8chYZUIpIxyN6XWaPT5cq9I5p6m5eenebQ2bAikgqxIGjc2iciTSh4OCkAg FZZIJKRxY3ve2ayx4aREIhGePQ8RAqkwfWS277OYE8SLdPGju4sJe2KFA4EEYNfBbTIZTy6bCs7d xeTvfxmQ+YW0nH/njSAODzkIJAB6vyQS8Z7V6t5zROIPRp2P9Uyi2GExGAQSEP2Gj+x9JLPTqbyX W+6ZpHFTk8x8f18urHA2ifUPysKPNxyfPc5KZiErmZfm5I03f1W2f0M1IJCAzyT9U4OyRfK/H4ie SdT80/SKccx/8+z/VhRPZ77y8WirE4EEbHEhW9CfcwftumP8+Gjcme1yzxTqxacbv7ozIj1nl++I ovtqKfbWKhyBBEi/6b/7z0Np3ZT/Msul4xSNYvGZSOumXXK86/SKr60ri+OxBzI7N770OTeiax/3 L32utn6D80wLY5z8CCRA+k3560vn5O5dXQl8z3MlsMbjdRnmxfkaj+hePNvEY7pB3QT7/+ZBIKFZ Li9yJ/F8Mwid/rXOKH5zp5s1lMzmOO/bnoNAQrZcXukZJTk5KU9SmaIe5S1010av3VjcUHh3q/8h kNDeJ4nIjWuxVb/G1ExSfqidXZoIWHicdT73+z9ecgbrOrh/OpdZ+j03Gl2W3/Xqft/+LWsdgYSU xnH8QG/e39NnTAq5BNM9vJY/yhv1nMVyo4l0sBYsF4GE1HaPbYE0jprWx5KYmly2J1ds7HPZ2tay 9OvFxazMffP8DFIIpn7zI5AQP5l4/eN+52nDXOnar+XEwWNy4OC+pY3r9NLp9FtRpmrLgEBCrK6h xtyNUT/+9KO/yfaf7JarV6/KjshuZ4B/4eI5YvEJgYR81a9O/W7MbJGFuu/z7uOrK351d8dfdJ13 fv00vUgcPiKQNTD1+3yZifcb6eidcHdlsN5B/8e1mDNWees3LJcvFYGsASstA3nxUV6d4RqfH3Eu t9x7K1gdAlnHz7s/evSIQEpEIOswEt2Tq3ZjDVO3PiCQdRiJjkm+uD4uly9flosXLwZ9SGsagaxD GsmWjno5vPm89F0ZkMa2emfpCuOR4hHIOr7RqDcSdQl9ek6ff2dLodUgkHXscE/X0h7BTfuPytgQ 74lYLAKpgkstd3GjLkvpvzEo0VO8F0mhCGSd00WIeqnlrv5tqdnJ/ZEiEEiVXGrl3kSc+Nc9tjgt EIFU6R5cbNJQGAKpwj24dNDOY7WFIZAqooPzT/58RU4ePiNNmQ5nLMJu8jYCqTL6YNXt2PN35J1O piUxPC7HznZzyeWBQKqMjj1qWhPO1K8O2vUH90e8EUiVTv3q/RAdj0zcvyV7ftYW9CGFFoFUqe6X D8j46JfOm43CG4FU8aVW7puMIj8CAQwEAhgIBDAQCGAgEMBAIICBQAADgQAGAgEMBAIYCAQwEAhg IBDAQCCAgUAAA4EABgIBDAQCGAgEMBAIYCAQwEAggIFAAAOBAAYCAQwEAhgIBDAQCGAgEMBAIICB QAADgQAGAgEMBAIYCAQwEAhgIBDAQCCAePsvmM+CVZnMlkQAAAAASUVORK5CYII=