# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 3. Maryland Economic Development Assistance Authority and Fund

#### Section 5-329

(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.

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