# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 11. Maryland Community Investment Corporation

#### Section 10-1119

The Corporation may:

(1) provide equity investment to a qualified business or project in the form of a grant, loan, tax credit allocation, or any other form of financial assistance to carry out its purposes;

(2) acquire, develop, improve, manage, market, license, sublicense, maintain, lease as lessor or lessee, or operate a project in the State to carry out its purposes; and

(3) acquire, directly or indirectly, from a person or political subdivision, by purchase, gift, or devise, any property, rights-of-way, franchises, easements, or other interests in land, including submerged land and riparian rights:

  (i) as necessary or convenient to improve or operate a project to carry out its purposes; and

  (ii) on the terms and at the prices that the Corporation considers reasonable.

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