Maryland

Maryland tax credit incentive bill passes benefitting national tours and pre-Broadway tryouts | Broadway News

Published

3 years ago

June 2, 2022

Maryland tax credit incentive bill passes benefitting national tours and pre-Broadway tryouts | Broadway News

A brand new Maryland invoice was handed Wednesday, offering a tax credit score incentive for producers to launch nationwide excursions and pre-Broadway productions within the state.

The announcement, made by Ron Legler, president of the France-Merrick Performing Arts Heart, dwelling of Broadway Throughout America’s Hippodrome Theatre, along with invoice sponsors Maryland State Senator Man Guzzone and Maryland State Delegate Vanessa E. Atterbeary, said that the tax credit score goes into impact on July 1, 2022.

The laws, formally often known as Maryland Home Invoice 641, will assist create jobs within the state when excursions and different productions sit down in Maryland for tech rehearsals and openings, permitting theaters to stay open in the course of the Summer season and Fall months when they might in any other case be closed, based on the announcement. Along with the creation of jobs inside Maryland, the invoice additionally offers tourism alternatives and income for the state by lodge stays and journey.

Eligible productions could obtain as much as $2 million in refundable tax credit. There’s a most of $5 million that may be awarded in tax credit per 12 months.

“The final two years of the pandemic have been devastating for the reside leisure business and the a whole bunch of union and artistic employees who depend on reside leisure to pay their mortgages and put meals on their household’s tables,” Legler mentioned. “We applaud this bipartisan effort to assist the performing arts in Maryland and assist shorten the financial highway to restoration for the business.”

New York State has related laws, with the tax credit score incentive permitting excursions to tech and open upstate.

As well as, as a part of the tax credit score program, the Hippodrome Basis, Inc. will present academic alternatives to youth without charge, which can embrace entry to artists and creatives.

“The Hippodrome Basis plans on taking full benefit of all of the expertise and artistic consultants who will now come to Maryland to share their experiences with student-based organizations and colleges throughout the area,” says Olive Waxter, government director of HFI. “We sit up for constructing free academic alternatives, masterclasses and workshops round every manufacturing due to this groundbreaking new tax credit score.”

Broadway Throughout America is a part of the John Gore Group household of firms, which incorporates Broadway.com, The Broadway Channel, BroadwayBox.com and Group Gross sales Field Workplace, in addition to Broadway Manufacturers, the mum or dad firm of Broadway Information.

Source link

Maryland

Macy's closing stores in Maryland and Virginia. Here’s the full list.

Published

7 hours ago

January 10, 2025

Press Room

Macy's closing stores in Maryland and Virginia. Here’s the full list.

WASHINGTON – Macy’s is closing more than 60 stores this year as part of a comprehensive strategy to revive its struggling business, the department store said, and several of them are in Maryland and Virginia.

In what the company refers to as its “Bold New Chapter” strategy, Macy’s said in a statement on Thursday that the closures are designed to “return the company to sustainable, profitable sales growth.”

Overall, Macy’s said it plans to close approximately 150 “underproductive stores” through 2026. Meanwhile, it will invest in 350 existing stores, with plans to add more salespeople to fitting areas and shoe departments, and adding more visual displays like mannequins.