Invest Today in St. Mary’s County, Maryland’s Opportunity Zone

Opportunity Zones (O-Zones) are designated areas targeted for economic development by state and federal governments.

River Concert Series

What is the opportunity for investors?

If he or she invests in an O-Zone with funds triggered by a capital gain, an investor is eligible for special tax benefits on those capital gains.

The investor must invest in the O-Zone within 180 days of the capital gain event.

There are 3 potential tax advantages to investors:

(Click on the boxes below to view advantages)

What are eligible investments?

Single Asset Real Estate

- Example: Investor forms an LLC and the LLC purchases land, borrows and builds in O-Zone

Company Stock

- Example: Investor purchases 50% equity in an LLC formed to invest in a startup. LLC buys stock in an O-Zone based startup.

Opportunity Funds (O-Fund)

- These are vehicles for investors to invest capital gains and receive federal tax incentives. O-Funds are privately-managed funds that have at least 90 percent of their assets in O-Zones. O-Funds may invest in O-Zone real estate or tech startups based in O-Zones.

Photo Of Power Line Construction

Why Lexington Park and St. Mary’s County?

St. Mary’s County, Maryland offers coastal, country living in a high-tech world. With the most coastline of any county in Maryland and tobacco barns peppering the landscape, you can experience beautiful, bucolic landscapes and perfectly prepared raw oysters. St. Mary’s County is home to Naval Air Station Patuxent River, where $40 billion of Navy procurement, research, development, test and evaluation takes place every year. That brings a substantial base of highly-skilled engineers, lawyers, and other business professionals, as well as advanced manufacturing trades.

St. Mary’s is dedicated to growing its targeted industries: unmanned and autonomous systems, aviation and aircraft modification, advanced manufacturing, tourism, and aquaculture and agriculture.

The County and community are pushing to better attract and retain a young, talented and diverse workforce to support the growing and diversifying economy. This will happen by expanding the variety of housing options and accelerating the development of gathering places and walkable, denser arts and entertainment districts.

Lexington Park, sitting directly outside Naval Air Station Patuxent River where 25,000 enter every day, offers an incredible investment opportunity. The County, partnering with the St. Mary’s County Community Development Corporation, developed the Lexington Park Redevelopment District Master Plan. This Opportunity Zone coincides with that master plan.

The economic and community growth in Lexington Park is exciting.

Recent enhancements include:

  • Creation of the LexPark Arts Park from a 35 acre piece of vacant land
  • Public art installations
  • Road extensions to connect neighborhoods and amenities
  • Numerous restaurants and coffee shops opening

Invest in Lexington Park today and be part of this area’s renaissance!

Map of St. Mary's County

Economic Snapshot

  • Has the country’s 5th highest concentration of high-tech workers
  • Ranked the 4th best place for tech jobs in the country (Nerdwallet)
  • 34 is the median age
  • Average income per household in 2016: $86,810
  • 55 miles from Washington, D.C.
Photo of a Pax River Drone Hanger

Interested?

Contact the Department of Economic Development

Bennett Wilson
(301) 475-4200 ext. *1407
Bennett.Wilson@stmarysmd.com

Chris Kaselemis
(301) 475-4200 ext. *1405
Chris.Kaselemis@stmarysmd.com