Maryland Code, Economic Development § 2.5-105

(1) advance the economic welfare of the public through programs and activities that develop in a proper manner the natural resources and economic opportunities of the State;

(2) promote and encourage the location and creation of new industries and businesses in the State and encourage the retention and expansion of existing industries;

(3) support the creation of new businesses and the growth of existing businesses in the State by improving their quality, productivity, and competitive position in the global marketplace;

(4) assist the growth and revitalization of small businesses;

(5) support the growth of the State and regional economies by providing consulting, technical assistance, and liaison activities on business and economic development issues;

(6) promote the development of international trade activities;

(7) assist businesses and employees through training and other employment services;

(8) promote regulatory reform and coordinate efforts with other State and local units; and

(9) foster and develop employment opportunities for residents of the State.