§ 5–457

Statutes in effect as of October 1, 2026.

Md. Code Ann., Econ. Dev. § 5-457 (2026)

Title 5. Economic Development and Financial Assistance Programs

Subtitle 4. Maryland Industrial Development Financing Authority

In determining whether to accept a linked deposit loan package, the Authority shall confirm the eligibility of the applicant and consider:

(1)

the number and kinds of jobs to be created or retained as a result of providing the linked deposit;

(2)

the amount of the loan;

(3)

the amount of money in the Fund and the amount committed to linked deposits;

(4)

whether the availability of linked deposit financing is essential for the economic feasibility of the acquisition;

(5)

the economic needs of the area in which the eligible business is located;

(6)

the financial feasibility of the loan; and

(7)

other factors that the Authority considers relevant.