Maryland Code, Economic Development § 5-1603

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

(a) In order to qualify for participation in the Program, a new business must meet the criteria in this section.

(b) The business must:

(1) be located in a county that has a comparable support program to reduce office space vacancies in the county;

(2) be:

(i) a home-based start-up enterprise occupying its first commercial space in the county;

(ii) a business relocating from outside the State; or

(iii) a business significantly expanding its operations in the county;

(3)(i) execute a direct lease with the landlord for at least 3 years of not more than 10,000 square feet; or

(ii) obtain an occupancy permit, if sharing office space with another business; and

(4) apply for support from the Program within 90 days after signing the lease or obtaining the occupancy permit.

(c) The Program may exclude from support a business that is relocating from one county to another county within the State.

(d) A grant recipient that fails to fulfill the eligibility and maintenance requirements of the Program or of the county comparable program that supports the recipient may be required to return all or part of the grant to the Program.

Previous Part of Code Next Part of Code

Back to Chapter List

Cite this article: FindLaw.com - Maryland Code, Economic Development § 5-1603 - last updated January 01, 2025 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-5-1603/

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.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Did FindLaw Help You Understand This Legal Issue?

Make It a Preferred Google Search Source

Add to Google

Latest Blog Posts

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)