# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

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

#### Section 5-331

(a) During each fiscal year the Department may not grant more than $2,000,000 under this part.

(b)

  (1) Subject to paragraph (2) of this subsection, during each fiscal year a county may not receive more than $250,000 under this part.

  (2) For purposes of the limitation under paragraph (1) of this subsection:

    (i) any money received under this part by a municipal corporation or designated agency or instrumentality is deemed to be money granted to the county within which the municipal corporation, agency, or instrumentality is located; and

    (ii) if more than one county administers or capitalizes a local economic development fund, each county may receive the maximum authorized for a county.

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