Current with changes from the 2024 Legislative Session
Section 6-303 - Neighborhood Business Development Program(a) There is a Neighborhood Business Development Program.(b) The purposes of the Program are: (1) in priority funding areas or eligible opportunity zones, to:(i) help develop, redevelop, or expand small businesses and microenterprises;(ii) stimulate investment by the private sector;(iii) invest in revitalization projects for small businesses and microenterprises; and(iv) stimulate political subdivisions to participate in developing and expanding small businesses and microenterprises; and(2) in food deserts or parts of priority funding areas or eligible opportunity zones that serve food deserts, to help create and retain small businesses and other food-related enterprises that provide fresh fruits, vegetables, and other healthy foods to residents in the food desert.(c) The Program includes:(1) the Business Development Program; and(2) the Capital Access Program.Amended by 2021 Md. Laws, Ch. 91,Sec. 1, eff. 7/1/2021.Amended by 2019 Md. Laws, Ch. 211,Sec. 3, eff. 7/1/2019.Amended by 2016 Md. Laws, Ch. 482,Sec. 2, eff. 7/1/2016.Amended by 2014 Md. Laws, Ch. 228,Sec. 1, eff. 10/1/2014.