Dorchester County Economic Development announced the completion of a fair market value (FMV) assessment for 12 building lots at the Dorchester Regional Technology Park, a critical milestone allowing the county to sell land to expanding businesses.

The market analysis was completed less than a year after the Eastern Shore Innovation Center (ESIC) opened and in conjunction with the County’s announcement that the 13,250-square-foot incubator is almost 100% leased.

“The County commissioned a market assessment to determine the value and selling price for the Technology Park lots. This was both a condition of the EDA grant and a best practice to ensure we can successfully market the sites,” said Jeremy Goldman, County Manager. “Based on the data- driven analysis conducted by W.R. McCain, we know the FMV is approximately $23,000 an acre and our economic development staff can begin marketing the lots to targeted end-users and developers.

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