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Current as of December 31, 2021 | Updated by FindLaw Staff
(a) The General Assembly finds that:
(1) unemployment conditions exist in many areas of the State;
(2) the acquisition and improvement of facilities are essential to relieve this unemployment and establish a balanced economy in the State;
(3) the health, safety, welfare, and right of gainful employment of residents throughout the State will be promoted by the acquisition and improvement of facilities;
(4) the control or abatement of environmental pollution in the State, including noise pollution, is necessary to:
(i) protect the health, safety, and welfare of the residents of the State;
(ii) protect natural resources;
(iii) retain and attract industry and commercial enterprises; and
(iv) promote economic development;
(5) public ports in the State are valuable assets and any improvements to these ports that increase the import and export of waterborne commerce will directly benefit residents throughout the State;
(6) businesses need greater access to capital markets; and
(7) the availability of financial assistance under this subtitle will promote the economic development of the State.
(b) The purposes of this subtitle are to:
(1) relieve unemployment in the State;
(2) encourage the increase of industry and commerce and a balanced economy in the State;
(3) help retain and attract industry and commerce through measures including:
(i) port development;
(ii) the control, reduction, or abatement of environmental pollution; and
(iii) the utilization and disposal of wastes;
(4) promote economic development;
(5) protect natural resources and encourage resource recovery;
(6) encourage the creation and expansion of day care facilities in the State; and
(7) promote the health, safety, and welfare of residents throughout the State.
Cite this article: FindLaw.com - Maryland Code, Economic Development § 5-403 - last updated December 31, 2021 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-5-403/
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 or via Westlaw before relying on it for your legal needs.
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