§ 10–423

Statutes in effect as of October 1, 2026.

Md. Code Ann., Econ. Dev. § 10-423 (2026)

Title 10. Statewide Development Resources and Revenue Authorities

Subtitle 4. Maryland Technology Development Corporation

(a)

After consulting with the Secretary, the Board shall adopt standards to award financial assistance.

(b)

The standards shall authorize the award of financial assistance to:

(1)

support the development and use of best practices in the incubation process;

(2)

provide strategic planning, needs assessments, and feasibility studies; or

(3)

help acquire or improve new or expanded space or improve existing space for an incubator, including providing or helping another with:

(i)

acquisition of land;

(ii)

acquisition of architectural or engineering services;

(iii)

payment of administrative costs;

(iv)

development or upgrading of communications infrastructure;

(v)

acquisition of furnishings or equipment; or

(vi)

acquisition of other items associated with tenant build-out.