{"data":{"id":"us-md/md.-code-economic-development-5-453","jurisdiction":"us-md","citation":"Md. Code, Economic Development § 5–453","heading":"","body":"(a) The purpose of the Program is to stimulate economic and employment growth in rural areas of the State with high unemployment.\n(b) (1) The Program shall assist eligible businesses to obtain a loan at below market rates.\n(2) An eligible business may use a Program loan to acquire land, buildings, and equipment.\n(3) An acquisition made by an eligible business with a Program loan shall be used to create or retain employment opportunities in a rural area.","path":["Article - Economic Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec\u0026section=5-453","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:28Z","sha256":"7775a2f5c529a505cb9f6ce8e4f61ebb39bbd2c6f814de9ac9a111845a4508ab","source_id":"us-md","stale":false,"prev":"us-md/md.-code-economic-development-5-452","next":"us-md/md.-code-economic-development-5-454"},"notice":"GroundRules: Original legal text. Not legal advice."}