Maryland Code, Economic Development § 10-450

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) The Corporation shall adopt regulations to establish:

(1) a competitive application process; and

(2) criteria and procedures for awarding grants from the Fund to eligible recipients.

(b)(1) In accordance with this part, all private sector entities in the State and all institutions of higher education in the State may be eligible recipients of grants.

(2) Priority for the award of any grant shall be given to those projects that are most likely to:

(i) attract significant investment in the State;

(ii) leverage significant additional grant or research funding from federal or private sector sources; or

(iii) establish the State as a key location for nanobiotechnology research and industry.

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Cite this article: FindLaw.com - Maryland Code, Economic Development § 10-450 - last updated January 01, 2025 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-10-450/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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