# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 1. Maryland Economic Development Corporation

#### Section 10-106

(a) A Board of Directors shall manage the Corporation and exercise its powers.

(b) The Board consists of the following 12 members:

  (1) as ex officio voting members:

    (i) the Secretary; and

    (ii) the Secretary of Transportation; and

  (2) the following members, appointed by the Governor with the advice and consent of the Senate:

    (i) two representatives of local government;

    (ii) three members who are knowledgeable in real estate or commercial financing;

    (iii) three members who are knowledgeable in industrial development or industrial relations; and

    (iv) two members of the general public.

(c) Each member of the Board shall be a resident of the State.

(d) In appointing Board members, the Governor shall consider geographic diversity and minority representation.

(e)

  (1) The term of an appointed member is 4 years.

  (2) The terms of the appointed members are staggered as required by the terms provided for members of the Board on October 1, 2008.

  (3) At the end of a term, a member continues to serve until a successor is appointed and qualifies.

  (4) A member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies.

(f) Before taking office, each member appointed to the Board shall take the oath required by Article 1, Sec. 9 of the Maryland Constitution.

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Md. Code Ann., Econ. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)