§ 6-303

Maryland § 6-303

• Jurisdiction: Maryland
• Article ghs: Housing and Community Development
• Title: 6

Text

(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.