A
series of financial incentives are available to encourage
redevelopment including:
Federal,
state and local tax-advantaged credits and exemptions
for the rehabilitation of historically significant buildings.
Maryland
Enterprise Zone, offering significant tax benefits to
new or expanding businesses along portions of Charles
Street.
Payment-in-Lieu-of
Taxes (PILOT), potentially available for economic development
projects, offering developers a partial payment of City
real property taxes for up to 25 years.
Facade
Improvement Loan Program offering matching grants for
exterior improvements along certain sections of Charles
Street.
Heritage
Tourism program offering grants and loans for tourist
related new development and redevelopment.
Various
tax incentives and financing programs for businesses from
the State of Maryland.
Clean
and Safe The
Downtown Partnership of Baltimore and the Midtown Community
Benefits District provide Clean and Safe services along
Charles Street including trash removal, daily street
sweepings, graffiti removal and landscape maintenance.
Trained safety guides aid city law enforcement to enhance
safety on the streets. They also offer information to
pedestrians and tourists including an Escort Service,
and safety awareness training. For more information
in the downtown area, contact the Downtown Partnership
of Baltimore at (410) 244-8778 or online at www.godowntownbaltimore.com
or in the Midtown area, contact the Midtown Community
Benefits District at (410) 528-1512 or online at www.midtowncommunity.org.
