{"data":{"id":"us-md/md.-code-economic-development-5-320","jurisdiction":"us-md","citation":"Md. Code, Economic Development § 5–320","heading":"","body":"(a) To be eligible for financial assistance from the Fund, an applicant shall be:\n(1) a local economic development fund that meets the criteria set forth in Part V of this subtitle; or\n(2) an individual, private business, nonprofit entity, or local government, or the Corporation that intends to use the requested financial assistance for a project that:\n(i) except as provided in subsection (b) of this section, is in an eligible industry sector under § 5–321 of this subtitle; and\n(ii) has a strong potential for expanding or retaining employment opportunities in the State.\n(b) A project need not be in an eligible industry sector if the applicant:\n(1) is located in a Tier I county; or\n(2) (i) is a local government or the Corporation; and\n(ii) does not intend to use the financial assistance to carry out a project that benefits a particular private sector entity.\n(c) In form and content acceptable to the Department, an applicant for financial assistance from the Fund shall submit to the Department an application that contains:\n(1) the information that the Department or Authority considers necessary to evaluate the request for financial assistance; and\n(2) for a Tier I county project:\n(i) a marketing plan designed to market the project to prospective businesses;\n(ii) a statement of planned marketing expenditures as a percent of the total financial assistance amount requested; and\n(iii) a plan for the project that is consistent with the county’s local strategic economic development plan as to the location and type of project.","path":["Article - Economic Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec\u0026section=5-320","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:28Z","sha256":"df61c4f3b90653b361c2a9ffe69827d9eda6d1de047d4bc9b8f88af39b677e7e","source_id":"us-md","stale":false,"prev":"us-md/md.-code-economic-development-5-319","next":"us-md/md.-code-economic-development-5-321"},"notice":"GroundRules: Original legal text. Not legal advice."}