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PEP Program
Partners in Economic Progress (PEP) is an incentive program that has been created by the City of Hagerstown staff to entice developers to partner with the City of Hagerstown in revitalizing the City Center of its municipality. The program includes incentives for taxes, parking, redevelopment and more. Click here to view a map of the area.
AVAILABLE INCENTIVES
Code Flexibility For Rehabilitation of Existing Buildings
The Existing Building Code (IEBC) has been in effect since 2002 and was developed specifically to aid in the renovation of existing buildings. Historically, renovations were designed by architects using the Maryland State Building Code (MSBC) which is the same code used for the construction ... more»
Creation of City Center Amenities for Residents and Employees
The City should continue to add amenities and improvements to enhance the experience of living and working in the City Center. Recent examples would be the construction of University Plaza, renovation of Public Square, the new A&E Parking Deck, and widening of the South Potomac ... more»
Development Fee Free Zone
The labor involved in the renovation of existing buildings and the demolition of existing buildings to make way for new construction adds significant costs to a development project. In an effort to reduce this burden, staff recommends the development of a Fee Free Zone in ... more»
Economic Rehabilitation Incentive Grant Program
For developers investing prescribed minimums for approved new construction or renovation projects, this incentive will provide an annual grant to the project equal to the amount paid in City property tax payments on the property, after reduction by all other tax incentive programs the property ... more»
Eligibility criteria for PEP Program
Eligibility Criteria for PEP Incentive Program The goal of Hagerstown’s Partnership in Economic Progress Incentive Program (PEP) is to spark private sector investment that contributes towards the revitalization of our downtown. In order to ensure this goal is achieved, all applications will be reviewed and evaluated by ... more»
Fast Track Construction Program
Projects located in the PEP Area shall receive a preferential timeframe for project review as follows: Site plans shall be submitted to the City of Hagerstown Planning Department. Per the Zoning Administrator’s schedule, the “turnaround” time is expedited. Historic District compliance review will also be expedited. Prior ... more»
Parking Program Fee Reductions
This incentive would provide one year of free parking and four years with a 50% reduction in permit fees for tenants of eligible projects to park in City public parking facilities. This incentive would be limited to one per unit for residential projects and up ... more»
Professional Assistance With Historic Tax Credit Programs
The City will provide two hours of paid assistance by a local architectural historian to advise property owners/developers on the utilization of Federal and State income tax credits for historical rehabilitation projects. This professional can guide investors on what type of work is eligible for ... more»
Upper Floor Commercial Space Rent Relief
The purpose of this new grant program is to attract businesses to the PEP zone that will have a positive economic impact on the downtown. Examples of such impact are job creation in the downtown, creation of economic traffic in the downtown (e.g., customers, visitors, ... more»
Utility Benefit and Allocation Charge Assistance
In order to assist in the PEP initiative, the Utilities Department will offer two free EDUs per property, valued at $13,800, if the existing water and wastewater allocation is not sufficient enough to accommodate the proposed needs of the property. Additionally, any EDUs that are ... more»
