Towson, MD – U.S. Senator Ben Cardin today joined Baltimore County Executive Kevin Kamenetz and executives from CSC and Maricom to celebrate the first major business expansion in the new Federal Center at Woodlawn Enterprise Zone. Maricom, a CSC company, upgraded a 1970s era office building to today’s technology standards to support work with the Centers for Medicare and Medicaid Services (CMS). Maricom currently employs 200 workers in Baltimore County and is recruiting for more than 35 additional jobs.
“The new Federal Center at Woodlawn is an investment in jobs,” said Senator Cardin. The expansion of CSC and Maricom in Woodlawn will bring approximately 200 high-tech jobs to the area and fits in well with the two major federal facilities already located there – the Centers for Medicare and Medicaid Services and Social Security Administration. Jobs creation takes smart investment decisions and the Federal Center is the right kind of investment for Baltimore County’s future growth.”
“The Federal Center at Woodlawn Enterprise Zone was designated to spur this type of high-quality new investment and job creation,” said Baltimore County Executive Kevin Kamenetz. “Baltimore County’s healthcare information technology corridor becomes even stronger as CSC and Maricom continue to grow and add new jobs in Woodlawn.”
Two of the federal government’s largest agencies are headquartered in Woodlawn. The Centers for Medicare and Medicaid Services and Social Security Administration together provide jobs to 16,000 people.
Through targeted tax benefits, the State-designated Federal Center at Woodlawn Enterprise Zone Enterprise encourages job creation and renovation of outdated buildings that no longer meet the requirements of today’s technology-dependent companies.
Qualifying companies in an Enterprise Zone can benefit from real property and income tax credits, which can result in substantial tax savings. For example, a new $5 million capital investment in an Enterprise Zone property nets $357,500 in property tax credits over ten years.