§ 5–329

Statutes in effect as of October 1, 2026.

Md. Code Ann., Econ. Dev. § 5-329 (2026)

Title 5. Economic Development and Financial Assistance Programs

Subtitle 3. Maryland Economic Development Assistance Authority and Fund

(a)

A local government may apply to the Department for a grant from the Fund to a local economic development fund.

(b)

In determining whether to approve a grant to a local economic development fund, the Department or Authority shall consider and determine:

(1)

the average rate of unemployment for the local jurisdiction in comparison to the average rate of unemployment for the State;

(2)

whether the local government currently administers a local economic development fund;

(3)

the ability of the local government to leverage private money;

(4)

the level of financial commitment provided by the local government; and

(5)

any other factors that the Department or Authority considers relevant.