Title:
|
An Act establishing an Economic Development Incentive Fund (the “Fund”); specifying the purpose and uses of the Fund; providing for the financing and administration of the Fund; and generally providing for the Fund
|
Code sections:
|
10-283 - , 10-284 - , 10-285 - , 10-286 - , 10-287 - , 10-288 -
|
Title
An Act establishing an Economic Development Incentive Fund (the “Fund”); specifying the purpose and uses of the Fund; providing for the financing and administration of the Fund; and generally providing for the Fund
Background
This legislation will create an Economic Development Incentive Fund (“EDIF”) in Prince George’s County. The EDIF will allow Prince George’s County to grow its commercial tax base by supporting the growth of business, and will be used to leverage existing loan facilities as well as supplement existing programs offered by the State of Maryland and the federal government.