Analysis of information sources in references of the Wikipedia article "Baltimore Development Corporation" in English language version.
It cited tax breaks at Harbor East, Mondawmin Mall, Belvedere Square, Harbor East and Clipper Mill as examples of "reactive" city policy that used the "but for" rule, meaning that a project would not be built "but for" the use of tax incentives. "The city's current stated TIF and PILOT policies clearly detail the 'but for' test as one of the requirements of approval. However, some in the public perceive that support is not equally available to all projects and developers, and that the financial analysis used to establish the 'but for' is not applied uniformly."
A business is eligible for the Enterprise Zone (EZ) tax credit program if it makes a capital investment in its property (constructs, renovates, or expands an existing facility) or hires at least one new employee in the Enterprise Zone. Commercial, Retail, and Industrial projects are eligible. Residential properties are not eligible for any of the Enterprise Zone tax credits. If a property is mixed use, the commercial parcels are eligible. The Enterprise Zone also has sections called Focus Areas that offer increase benefits to companies.
The Cordish Companies' revised proposal calls for a mixed-use development consisting of 226 rental apartments, 15,000 square feet of retail space and 225 above grade parking spaces. Project costs have been estimated at $63 million. A request for City financial assistance in the form of a PILOT (Payment In Lieu of Taxes) is part of the proposal.
The Baltimore Development Corporation (BDC) announced today that it has received two proposals in response to the Request for Proposals (RFP) issued by BDC and the Baltimore City Department of Recreation and Parks, on behalf of the City of Baltimore, for a New Inner Harbor Attraction to be located between the Maryland Science Center and Rash Field.
The Enterprise Zone is a property tax credit program for businesses making capital investments in their property (i.e., construction or renovation of a building, or expansion of an existing facility) or hiring at least one new employee in the Zone. Commercial and retail as well as industrial projects are eligible. Residential properties are not eligible for any of the Enterprise Zone tax credits.
The owners of Harbor Point and the Alameda Marketplace are seeking changes to Baltimore City's enterprise zone that could lead to millions of dollars in tax breaks.
The Baltimore Development Corporation has received an application submitted by Harbor Point and surrounding properties to be included in the Enterprise Zone for this fall's expansion.
In a decision that could have broad implications for the public's right to inspect the workings of government, Maryland's highest court ruled yesterday that the agency overseeing Baltimore's economic development must open its meetings and its paperwork for public review. Writing that the Baltimore Development Corp. has previously been able "to cloak the business of the citizens of the city of Baltimore behind the veil of a supposedly private corporation," the Court of Appeals dismissed city arguments that the agency's closed-door meetings are legal and crucial to the agency's work.(registration required)
BIDC was governed by a board consisting of seven members of the city government appointed by the Mayor, seven members of the business community named by the Chamber of Commerce of Metropolitan Baltimore, and seven members of the general public selected by the board. The corporation carried out its work under contract with the City, the terms of which provided that it fulfill its duties under the authority and direction of the Mayor. In formulating actions, directions, and policies, former Mayor William Donald Schaefer, (1921-2011), [served 1971-1986], was guided by the city's Economic Development Commission. In 1976, BIDC merged with the Baltimore Economic Development Commission to form the Baltimore Economic Development Corporation (BEDCO). BEDCO later merged with the Howard Street Market Place and Charles Center-Inner Harbor Management, forming the Baltimore Development Corporation in 1991.
BIDC was governed by a board consisting of seven members of the city government appointed by the Mayor, seven members of the business community named by the Chamber of Commerce of Metropolitan Baltimore, and seven members of the general public selected by the board. The corporation carried out its work under contract with the City, the terms of which provided that it fulfill its duties under the authority and direction of the Mayor. In formulating actions, directions, and policies, former Mayor William Donald Schaefer, (1921-2011), [served 1971-1986], was guided by the city's Economic Development Commission. In 1976, BIDC merged with the Baltimore Economic Development Commission to form the Baltimore Economic Development Corporation (BEDCO). BEDCO later merged with the Howard Street Market Place and Charles Center-Inner Harbor Management, forming the Baltimore Development Corporation in 1991.
A business is eligible for the Enterprise Zone (EZ) tax credit program if it makes a capital investment in its property (constructs, renovates, or expands an existing facility) or hires at least one new employee in the Enterprise Zone. Commercial, Retail, and Industrial projects are eligible. Residential properties are not eligible for any of the Enterprise Zone tax credits. If a property is mixed use, the commercial parcels are eligible. The Enterprise Zone also has sections called Focus Areas that offer increase benefits to companies.
The Cordish Companies' revised proposal calls for a mixed-use development consisting of 226 rental apartments, 15,000 square feet of retail space and 225 above grade parking spaces. Project costs have been estimated at $63 million. A request for City financial assistance in the form of a PILOT (Payment In Lieu of Taxes) is part of the proposal.
The Baltimore Development Corporation (BDC) announced today that it has received two proposals in response to the Request for Proposals (RFP) issued by BDC and the Baltimore City Department of Recreation and Parks, on behalf of the City of Baltimore, for a New Inner Harbor Attraction to be located between the Maryland Science Center and Rash Field.
The Enterprise Zone is a property tax credit program for businesses making capital investments in their property (i.e., construction or renovation of a building, or expansion of an existing facility) or hiring at least one new employee in the Zone. Commercial and retail as well as industrial projects are eligible. Residential properties are not eligible for any of the Enterprise Zone tax credits.
The Baltimore Development Corporation has received an application submitted by Harbor Point and surrounding properties to be included in the Enterprise Zone for this fall's expansion.
