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<section article="gec" article_name="Economic Development" number="5-453" title_number="5" title_name="Economic Development and Financial Assistance Programs" subtitle_number="4" subtitle_name="Maryland Industrial Development Financing Authority">
  <level label="a">
    <text>The purpose of the Program is to stimulate economic and employment growth in rural areas of the State with high unemployment.</text>
  </level>
  <level label="b">
    <level label="1">
      <text>The Program shall assist eligible businesses to obtain a loan at below market rates.</text>
    </level>
    <level label="2">
      <text>An eligible business may use a Program loan to acquire land, buildings, and equipment.</text>
    </level>
    <level label="3">
      <text>An acquisition made by an eligible business with a Program loan shall be used to create or retain employment opportunities in a rural area.</text>
    </level>
  </level>
</section>
