Maryland Statutes
Part II - Maryland Technology Incubator Program
Section 10-423 - Allowed Purposes

(a)    After consulting with the Secretary, the Board shall adopt standards to award financial assistance.
    (b)    The standards shall authorize the award of financial assistance to:
        (1)    support the development and use of best practices in the incubation process;
        (2)    provide strategic planning, needs assessments, and feasibility studies; or
        (3)    help acquire or improve new or expanded space or improve existing space for an incubator, including providing or helping another with:
            (i)    acquisition of land;
            (ii)    acquisition of architectural or engineering services;
            (iii)    payment of administrative costs;
            (iv)    development or upgrading of communications infrastructure;
            (v)    acquisition of furnishings or equipment; or
            (vi)    acquisition of other items associated with tenant build-out.

Structure Maryland Statutes