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Commissioners approve property tax-credit for Keomac to spur redevelopment in Lexington Park
Summary
The board approved a county-only property tax-credit incentive for Keomac, Inc., that aims to support restoration of a 1953 bank building in Lexington Park; company representatives said the project would create about 20–25 new local jobs.
St. Mary's County commissioners voted Jan. 6 to approve a property tax-credit incentive for Keomac, Inc., to encourage capital investment in the former Maryland Bank & Trust building on South Shangri La Drive in Lexington Park.
Cindy Griffith of the Department of Economic Development and the county's economic development specialist explained the county program: if a…
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