Caroline Technology Park

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Caroline Technology Park

• Located in Ridgely, Maryland

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• 92 Acre Campus Like Site
• Located in Ridgely, Maryland
• Adjacent to the Airport
• Redundant High Speed Fiber
• Refreshing Rural Community

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Excellent Access

• Located off MD Hwy 312
• Minutes from Hwy 404
• Brief drive to Hwy 50 Bay Bridge
• 65 miles from Washington
• 99 miles from Philadelphia
• 190 miles from New York
• 67 miles from Baltimore

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HISTORY OF THE PARK

• 2002 Caroline County Purchased the Hayman Farm
  identified in One MD Strategic Plan
• 2003 Maryland One Program awarded 1,500,000
  land, marketing study design.
• 2003 Whitman, Requardt Assoc. preliminary
  design engineering of the site
• 2004 US Dept of Commerce EDA Awarded
  2,100,000 the State awarded 3,000,000.
• March 2008, Phase I substantially completed.

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Phase One

• Total Building area 100,000 sf
• Total Parking spaces 500
• Building Site C 62,500 sf
• D 25,000 sf
• H 12,500 sf
• Additional Building Sites Available

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Phase One Construction Includes

• Roads
• Parking lots
• Sidewalks
• Afforestation
• Roadway entrances
• Storm water management
• Grading
• Wetlands management
• Lighting
• Landscaping
• Building sites

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TELECOMMUNICATIONS

• State of the art high speed infrastructure
• Two diverse paths of 144 strand fiber optic cable
• POP at the Park

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UTILITIES

• Three-phase electricity provided by Choptank
  Electric
• Water provided by Ridgelys 200,000 gallon tower,
  with future plans for an additional 500,000
  gallon tower.

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Building Covenants

• Require rural flavor to all structures
• Green Buildings are encouraged

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INCENTIVES

• One Maryland Tax Credit
• Business that invest in an economic development
  project may qualify for project tax credits of up
  to 5 million and start-up tax credits up to
  500,000. Must create at least 25 new, full time
  positions within 24 months.
• Project Tax Credit
• Up to 5 million based on qualifying costs and
  expenses incurred by the business entity in
  connection with the acquisition, construction,
  rehabilitation, installation, and equipping of an
  eligible economic development project.
• DBED
• May offer funding loans at highly competitive
  rates to new businesses that qualify.

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ADVANTAGES

• Safe distance from Terrorist Targets
• Distinctive in appearance
• Attractive work environment
• Exceptional life style
• Affordable housing
• Low crime
• Offers the luxury of daily leisure time
• Abundant recreational opportunities

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• The Caroline Technology Park
• Is
• Ready
• For
• DEVELOPER INTEREST