§ 5-329. Authorized

MD Econ Dev Code § 5-329 (2019) (N/A)
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(a)    A local government may apply to the Department for a grant from the Fund to a local economic development fund.

(b)    In determining whether to approve a grant to a local economic development fund, the Department or Authority shall consider and determine:

(1)    the average rate of unemployment for the local jurisdiction in comparison to the average rate of unemployment for the State;

(2)    whether the local government currently administers a local economic development fund;

(3)    the ability of the local government to leverage private money;

(4)    the level of financial commitment provided by the local government; and

(5)    any other factors that the Department or Authority considers relevant.