<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".01" citation="COMAR 14.04.10.01" title_num="14" subtitle_num="04" chapter_num="10" heading="Definitions.">
  <paragraph num="A.">
    <text>Except as otherwise provided in this subtitle, the following terms have the meanings indicated.</text>
  </paragraph>
  <paragraph num="B.">
    <text>Terms Defined.</text>
    <paragraph num="(1)">
      <text>“Award” means grants, equity financing, debt financing, and other financial assistance.</text>
    </paragraph>
    <paragraph num="(2)">
      <text>“Commission” means the Equitech Growth Commission.</text>
    </paragraph>
    <paragraph num="(3)">
      <text>“Equitech Growth Fund” means the fund described in §10-488 of the Act.</text>
    </paragraph>
    <paragraph num="(4)">
      <text>“Infrastructure” means to build or expand equipment, systems, resources, and facilities in the State to support, attract, and retain businesses in the State.</text>
    </paragraph>
    <paragraph num="(5)">
      <text>Metrics.</text>
      <paragraph num="(a)">
        <text>“Metrics” means performance criteria and measures established by the applicant for the applicant’s project.</text>
      </paragraph>
      <paragraph num="(b)">
        <text>“Metrics” may include but is not limited to the project’s potential impact on businesses, industry growth, jobs, diversity, equity and inclusion, and economic development in the State.</text>
      </paragraph>
      <paragraph num="(c)">
        <text>“Metrics” shall be consistent with the 10-year goals in the strategic plan developed by the Commission.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(6)">
      <text>“Nonprofit” means a tax-exempt entity under the Internal Revenue Code, organized for charitable, educational, or socially beneficial purposes.</text>
    </paragraph>
    <paragraph num="(7)">
      <text>“Other sources of funding” means funding received from a non-profit or a public entity.</text>
    </paragraph>
    <paragraph num="(8)">
      <text>“Private entity” or “private sector” means a non-governmental enterprise for profit that is not affiliated, through ownership or control with the federal, state, or a local government.</text>
    </paragraph>
    <paragraph num="(9)">
      <text>Public Entity</text>
      <paragraph num="(a)">
        <text>“Public entity” means a unit of the State or a local government.</text>
      </paragraph>
      <paragraph num="(b)">
        <text>“Public entity” includes political subdivision, trusts, and instrumentalities of the State.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(10)">
      <text>“State” means the State of Maryland.</text>
    </paragraph>
    <paragraph num="(11)">
      <text>Workforce Development.</text>
      <paragraph num="(a)">
        <text>“Workforce development” means a coordination of programs and policies to create, sustain, and retain a viable workforce.</text>
      </paragraph>
      <paragraph num="(b)">
        <text>“Workforce development” includes educational programs, degree and non-degree programs, certifications, training, and exposure to career pathways in Science, Technology, Engineering, Arts, or Math for all ages.</text>
      </paragraph>
    </paragraph>
  </paragraph>
</regulation>