§ 5-311. Purposes

MD Econ Dev Code § 5-311 (2019) (N/A)
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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.