Maryland creates online database of business incentives

Maryland’s business and economic development arm has begun to publish an online database of the financial incentives that the state provides to companies when they promise to create jobs, open new facilities or otherwise contribute to the economy.

The database is one of several Web-based tools that the agency has created of late as it aims to increase transparency, in part because a government watchdog criticized its disclosure practices, said Andrea Vernot, assistant secretary for marketing and communications.

District-based Good Jobs First , a nonpartisan group that pushes for corporate and government accountability, ranked Maryland 18th in the country for its online disclosure of economic development subsidies in a report released in December 2010. Virginia placed 25th in that study and the District shared last place with 13 others.

So earlier this month, the state released the Maryland Finance Tracker , which provides an annually updated list of the monetary perks given to companies. Users can sort the data by year, company location or incentive program.

“They’ve been doing their best to amp up what they can,” said Thomas Cafcas, a research analyst with Good Jobs First. “The database isn’t perfect, but it’s certainly a work in progress and they should be lauded for their efforts because it’s certainly come a long way for taxpayer transparency.”

Jim Henry, program director in the office of finance programs, said the information was already available in a series of annual reports to the General Assembly that the public can access online. But never has it all existed in one place and in a format that’s easy to use, he said.

“We fully recognize it’s going to need to be tweaked a little bit to be more user friendly,” Henry said. “We don’t think this is the end all be all as it exists right now, but we think this is a very good initial effort.

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Maryland creates online database of business incentives

Maryland's business and economic development arm has begun to publish an online database of the financial incentives that the state provides to companies when they promise to create jobs, open new facilities or otherwise contribute to the economy.



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