Section 10-834 - Allowed purposes. - Maryland Statutes

§ 10-834. Allowed purposes.
 

(a)  In general.- After consulting with the Director, the Center shall adopt standards to award financial assistance. 

(b)  Standards.- 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. 
 

[2008, ch. 137.]