25 Apr, 2023 By admin Default 0 Comments

what are the advantages of launching your business in Catonsville, MD

The City of Catonsville is a great place to launch a business

Catonsville, Maryland has a small-business scene that is vibrant and entrepreneurial. Small businesses in the city offer a wide range of employment options and provide a high quality of life for residents. The City is the home of many Fortune 500 companies and has a strong presence in high tech, education, and health care. In addition, it is home to the University of Maryland’s flagship campus and the UMBC Cancer Institute, and it is close to major highways, the Washington, D.C., metro area, Baltimore and Philadelphia. There are plenty of advantages with launching a business in Catonsville, MD.

Location

The City of Catonsville is located within the greater Baltimore Metropolitan Area and is just 30 miles from the District of Columbia, 15 miles from Baltimore and 35 miles from Philadelphia. Many residents commute to work in the Baltimore metropolitan area and to work in the nation’s capital. The area offers affordable and reliable transportation, making it easy to get around.

Population

The City of Catonsville has a population of 22,849, and according to the 2016 Census, is 78.2% White, 9.1% Black, 1.6% Asian, 4.6% Hispanic, and 0.4% American Indian. The median household income is $63,971, and the median home value is $229,000. The City of Catonsville is home to over 5,000 businesses, and there are currently over 700 commercial buildings under construction.

The area offers an attractive location for businesses to set up shop. The City’s tax rate is 2.5% and is the lowest in the State of Maryland. The City offers many incentives to new businesses. These include a Business Incentive Program, a Business Enterprise Zone, a Workforce Development Fund, and a Small Business Enterprise Assistance Program.

Catonsville offers an attractive location for businesses to set up shop. The City’s tax rate is 2.5%, and the City has over 600,000 square feet of available office space. The City also offers incentives to new businesses.