§ 5-329
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/md/economic-development/5-329A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–329.
(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.