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Code · Maryland · Economic Development

§ 5-453

79 words·~1 min read·/md/economic-development/5-453

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§5–453.
(a)The purpose of the Program is to stimulate economic and employment growth in rural areas of the State with high unemployment.
(1)The Program shall assist eligible businesses to obtain a loan at below market rates.
(2)An eligible business may use a Program loan to acquire land, buildings, and equipment.
(3)An acquisition made by an eligible business with a Program loan shall be used to create or retain employment opportunities in a rural area.
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