University of Maryland, Baltimore

Towson University applying to join state's RISE economic development initiative

Towson University applying to join state's RISE economic development initiative

Towson University officials say they are applying for a program that would target the campus and surrounding community for increased economic development.

The university qualified under the state’s Regional Institution Strategic Enterprise program, or RISE, which allows it to seek a RISE Zone designation, the university said.

The state Department of Commerce program aims to leverage the economic development potential of the state’s higher education institutions.

New or expanding businesses that invest or add jobs in a zone could qualify for real property or income tax credits.

“Towson University is a significant economic driver of a...

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