Section 5-311 - Purposes. - Maryland Statutes

§ 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) animal waste technology projects; 

(ii) aquaculture projects; 

(iii) arts and entertainment enterprises; 

(iv) arts and entertainment projects; and 

(v) 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. 
 

[An. Code 1957, art. 83A, § 5-1402; 2008, ch. 306, § 2.]