Maryland Statutes
Part III - Maryland Economic Development Assistance Fund
Section 5-311 - Purposes

The purposes of the Fund are to:
        (1)    expand employment opportunities in the State by providing financial assistance to businesses that are engaged in eligible industry sectors, including financial assistance for:
            (i)    aquaculture projects;
            (ii)    arts and entertainment enterprises;
            (iii)    arts and entertainment projects; and
            (iv)    creation and expansion of child care facilities;
        (2)    provide financial assistance for the redevelopment of qualified brownfields sites;
        (3)    provide financial assistance to local governments and the Corporation for economic development projects; and
        (4)    provide grants to local economic development funds.

Structure Maryland Statutes