The request was announced by officials of the Baltimore Development Corporation, during a presentation to the Fort McHenry Business Association. New business that. locate in enterprise zones are entitled to property tax abatement for the value of new improvements. Existing businesses get tax breaks for expansions.
Businesses also receive business income tax benefits.
The city and other subdivisions are limited to designating one zone per year. Locust Point's industrial base has eroded in recent years. Coca-Cola announced that its plant will close in a consolidation with other facilities.