# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 4C. Maryland Makerspace Initiative Program

#### Section 10-4C-04

(a) The Corporation shall adopt standards to award financial assistance under this subtitle.

(b) The Corporation may award financial assistance to:

  (1) a local government;

  (2) an agency, an instrumentality, or a nonprofit corporation that the local government designates; or

  (3) a nonprofit entity operating or seeking to operate a makerspace in the State.

(c) To the extent practicable, the Corporation shall award financial assistance in a manner that reflects geographic diversity.

(d) A recipient of financial assistance under this section:

  (1) shall provide matching funds or in-kind contributions for the project at least equal to the amount of financial assistance awarded; and

  (2) may not utilize the financial assistance awarded for the operating costs of the makerspace after the first 3 years of operation.

(e) Unless two-thirds of the membership of the Board approves, the Corporation may not award financial assistance within a single county under this section that exceeds a total of $250,000 in a single fiscal year.

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