# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 4. Maryland Technology Development Corporation

#### Section 10-423

(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.

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