Financing and Tax Credits

Hundreds of funding resources are available to Annapolis companies, from small businesses selling locally, to those engaged in international trade


Pro-Business Culture

Annapolis’ best business incentive is its pro-business culture. It offers sound fiscal management, a diversified group of employers, a healthy economy, fair and consistent taxes, and a balanced approach to business regulation. This advantageous climate—together with assets such as a strategic location, commitment to education, and excellent quality of life—makes Annapolis a good place to do business.

Supportive Financial Incentives

In support of this pro-business environment, Maryland offers a wide range of financing and tax credits that provide new and existing businesses in various activities, industries, and geographic locations with the opportunity to reduce costs, spur investment, increase revenues and create jobs. There are hundreds of funding resources available in Maryland and our region in four primary categories: loans, grants, equity funding and tax incentives.

The following information is not meant to be inclusive but rather representative of what sources are available to entrepreneurs.

Maryland State and Anne Arundel County

In addition to the many lending institutions in the area, the City of Annapolis’ location in Maryland’s Anne Arundel County affords entrepreneurs and business owners with access to a variety of finance and tax incentive programs available through the Anne Arundel Economic Development Corporation and the State of Maryland.

City-Specific Tax and Financial Incentives

When making decisions about your business, costs are important. We recognize your investment in the community and the City of Annapolis wants to help you invest more of your resources in your business. Incentives are the City’s investment in its economic future and your business.


When it comes to grants for small businesses, generally there is not much “free money” available. However, there are some grant opportunities, particularly for technology companies and nonprofit organizations, to help you get your business off the ground. One place to start looking is, a central information storehouse on more than 1,000 federal grant programs. If you are looking for R&D funding, you may be eligible to apply for a Small Business Innovation Research (SBIR) grant, or a Small Business Technology Transfer (SBTT) grant.

Equity Funding

An equity investment generally refers to the buying and holding of shares of stock on a stock market by individuals and firms in anticipation of income from dividends and capital gains, as the value of the stock rises. Connect with investors at Gust, Angelist, MyCapital, Mid-Atlantic Venture Association and Funding Post.


Crowdfunding is the process of raising money to fund a project or business venture through many donors using an online platform. Supporters can donate a specified amount through the online platform and often receive some sort of acknowledgement or reward in return for their donation. Today, in addition to some of the first crowdfunding platforms Kickstarter and Indiegogo, others have been developed to cater to specific categories. Crowdfunder is an equity-based platform which is used for businesses looking to raise investment capital.

With a number of available financing and funding options, it is understandable for business owners to have questions. For additional guidance, contact Hollis Minor, Economic Development Manager for the City of Annapolis at (410) 263-7961, ext. 7770 or by email at

Businesses in Annapolis have a variety of funding sources to help take their ventures to the next level.