§ 6–301
Statutes in effect as of October 1, 2026.
Md. Code Ann., Hous. & Cmty. Dev. § 6-301 (2026)
Title 6. Division of Neighborhood Revitalization
Subtitle 3. Neighborhood Business Development Program
§ 6–301LinkCopy Citation
(a)
In this subtitle the following words have the meanings indicated.
(b)
(1)
“Development costs” means the costs incurred to develop, redevelop, or expand a neighborhood business development project.
(2)
“Development costs” includes the costs of:
(i)
necessary studies, surveys, plans, and specifications;
(ii)
architectural, engineering, or other special services, including flood plain studies, environmental audits, and critical area or wetland assessments;
(iii)
land and improvements;
(iv)
site preparation;
(v)
construction, reconstruction, and rehabilitation;
(vi)
machinery, equipment, and furnishings;
(vii)
essential operating costs, including working capital and occupancy expenses;
(viii)
indemnity and surety bonds and premiums on insurance;
(ix)
temporary relocation expenses; and
(x)
other costs determined to be acceptable by the Department.
(c)
“Eligible opportunity zone” means an area designated as a qualified opportunity zone under § 1400Z–1 of the Internal Revenue Code that is located in Allegany County, Garrett County, Somerset County, or Wicomico County.
(d)
“Food desert” means the part of a priority funding area or an eligible opportunity zone designated by the Secretary under § 6–308(c) of this subtitle.
(e)
“Fund” means the Neighborhood Business Development Fund.
(f)
“Microenterprise” means a business that qualifies as a microenterprise under § 6–302 of this subtitle.
(g)
“Priority funding area” means an area designated as a priority funding area under § 5–7B–02 of the State Finance and Procurement Article.
(h)
“Program” means the Neighborhood Business Development Program.
(i)
(1)
“Project” means a neighborhood business development project that receives financial assistance from the Fund.
(2)
“Project” includes:
(i)
a microenterprise project that receives financial assistance from the Fund; and
(ii)
a food desert project that receives financial assistance from the Fund.
(j)
“Small business” means a business that qualifies as a small business under § 6–302 of this subtitle.
(k)
“Sustainable community” means the part of a priority funding area that:
(1)
as determined by the Sustainable Growth Subcabinet, satisfies the requirements of § 6–205 of this title;
(2)
has been designated as a BRAC Revitalization and Incentive Zone under Title 5, Subtitle 13 of the Economic Development Article; or
(3)
has been designated a transit–oriented development under § 7–101 of the Transportation Article.