§ 5–311
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 5-311 (2026)
Title 5. Economic Development and Financial Assistance Programs
Subtitle 3. Maryland Economic Development Assistance Authority and Fund
§ 5–311LinkCopy Citation
The purposes of the Fund are to:
(1)
expand employment opportunities in the State by providing financial assistance to businesses that are engaged in eligible industry sectors, including financial assistance for:
(i)
aquaculture projects;
(ii)
arts and entertainment enterprises;
(iii)
arts and entertainment projects; and
(iv)
creation and expansion of child care facilities;
(2)
provide financial assistance for the redevelopment of qualified brownfields sites;
(3)
provide financial assistance to local governments and the Corporation for economic development projects; and
(4)
provide grants to local economic development funds.