LA PLATA, Md. — The Charles County Commissioners are proposing the creation of a new Industrial Development Authority (IDA)—a public agency focused on expanding local business opportunities, creating jobs and promoting sustainable economic growth.
The proposed legislation, introduced at the board’s May 20 meeting, outlines the IDA’s legal structure and mission. The IDA would operate as an independent development entity under county oversight. A public hearing on the bill is scheduled for Monday, July 8, at 6 p.m. at the Charles County Government Building.
Key Provisions of the Legislation
The proposed IDA would support private development projects, such as business expansions or nonprofit facilities, that offer public benefits like job creation or local investment, without using taxpayer-backed funds.
That includes efforts to:
- Reduce unemployment
- Expand industry and commerce
- Retain existing businesses and attract new ones
- Control pollution and improve waste management
- Promote environmental resource recovery
- Support community health, safety and economic well-being
Similar authorities already exist in Calvert, Montgomery and Prince George’s counties. These entities issue bonds to help fund development while keeping public budgets intact.
Separate From County Borrowing
The IDA would function independently from the county’s general fund and AAA bond rating, meaning its borrowing would not impact the county’s existing debt load. Instead, projects funded by the IDA would be repaid through the revenues they generate, not by taxpayer dollars.
Because the IDA would be a new agency, it would have to establish its own credit rating, which could result in higher interest rates.
Operational Considerations
County officials noted that creating the IDA would significantly increase administrative workload. The setup process includes working with bond counsel, establishing internal procedures and coordinating across multiple departments. Staff described it as a complex, time-intensive effort requiring substantial resources.
Board Structure and Terms
The IDA board would include:
- One member from each commissioner district
- One at-large member (can reside anywhere in the county)
All board members would serve five-year terms, but to ensure continuity, the initial appointments would be staggered as follows: District 1 – 1 year, District 2 – 2 years, District 3 – 3 years, District 4 – 4 years and the at-large member – 5 years.
Additional provisions:
- Members may not serve more than 10 consecutive years
- Members must file annual financial disclosures
- The position is unpaid and subject to the Charles County Code of Ethics
Public Hearing Scheduled for July 8
A public hearing on the IDA legislation is set for Monday, July 8, at 6 p.m. Residents will be able to provide feedback before the commissioners consider final adoption. If passed, the legislation would take effect 45 days after adoption.
Watch the whole discussion from the May 20 meeting on CCGTV.
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