5-29-20

M id A tlantic Real Estate Journal — Industrial / Distribution Centers — May 29 - June 11, 2020 — 13A I ndustrial R eal E state & D istribution C enters

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Kent County Economic Development Kent County, Maryland is open for business

ent County is a scenic peninsula on Mary- land’s Upper Eastern Shore of the Chesapeake Bay, ideally situated less than a two- hour drive from Philadelphia, Washington DC, Baltimore, Annapolis, Dover and Northern Virginia. It is home to two des- ignated Main Streets, an Arts & Entertainment District, sev- eral worldwide manufacturers, historic Washington College, and one of the largest marina communities in Maryland. Kent County is Open for Business Kent County is actively pro- viding incentives and work- force development tools to help businesses grow. The County is developing broadband infra- structure and has implemented a 110-mile fiber optic broadband network for high-speed gigabit connectivity. Portions of the County are located within Com- merce Zones, an Opportunity Zone, an Enterprise Zone, and a HUBZone. The office of Economic Devel - opment works with businesses to identify the tax credits they are entitled to for locating to, and growing within, those designated zones. In addition, the County offers access to pro- grams including the Maryland Commercial Property Assessed Clean Energy (MD-PACE) Pro- gram, the Maryland Manufac- turing Extension Partnership (MD MEP), and the ExportMD Program. Business Overview Kent County is home to a wide variety of businesses in industries including manufac- turing, aquaculture, agricul- ture, health services, educa- tion, maritime, culinary and professional services. Several of the major employers are world-wide manufacturers and the county is home to several large business parks includ- ing the Kent County Business Park at Worton, the Radcliffe Creek Business & Professional Park, and the Interstate 301 Industrial Area. The region has access to a workforce close to 300,000 within a 30-minute drive and the unemployment rate continues to be below the national average. County busi- nesses benefit from county cor - porate income tax exemption, low personal income tax, and a variety of tax credits making it a profitable place to do business. Chestertown Business Campus The Chestertown Business Campus is one of the largest K

60,0000 s/f headquarters build- ing and is expected to be com- pleted in the Summer of 2020. A Gigabit County Kent County has completed the backbone implementation of a 110-mile fiber optic back - bone throughout the county. The county has entered into a public-private partnership with Kent Fiber Optic Sys- tems (KentFOS) to provide public institutions with high- speed reliable internet access. KentFOS’ open access net- work allows Internet Services Providers the ability to offer 1G service to businesses and residences. The primary goal

was to enhance the infrastruc- ture needed to support new and existing businesses and organizations in Kent County, particularly affordable, robust, and high capacity internet access. By taking this action, the county is expanding the competitive capability of local businesses and organizations, and providing more jobs and opportunities for residents. Additionally, this infrastruc- ture improves the ability to attract new residents and busi- nesses to the County. Kent County Economic Development is loacted in Chestertown, MD. 

Dixon Valve & Coupling’s new distribution facility

economic development projects in the county’s history. The 80- acre site will be home to Dixon Valve & Coupling’s new distri- bution facility, new corporate headquarters, a new manu- facturing facility, and a new facility for the growing YMCA.

The site has also been approved for six apartment buildings and commercial speculative space for other businesses to locate in Chestertown. Phase I of the project includes the recently completed 188,000 s/f distribu- tion facility. Phase II includes a

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ECONOMIC DEVELOPMENT

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