Economic Development - Delivering Economic Competitiveness and Advancing Development Efforts (DECADE) Act
What changed between versions
Renamed the Maryland Economic Development Assistance Authority to the Maryland Economic Competitiveness Fund and redesignedated the Economic Development Opportunities Program Account to the Strategic Closing Fund.
Added eligibility requirements for the Seed Community Development Anchor Institution Fund to include projects in RISE zone catchment areas, requiring the Department of Housing and Community Development to prioritize applications from active RISE zones.
Modified eligibility for the Child Care Capital Support Revolving Loan Fund and altered terms and types of financial assistance available through this program.
Altered the distribution of video lottery terminal proceeds and changed termination dates for several grant and tax credit programs including Build Our Future Grant Pilot Program and Job Creation Tax Credit.
Repealed the Maryland Small Business Development Financing Authority and certain related funds, removing associated requirements and limitations.
Added provisions allowing qualified pass-through entities to receive and allocate credits under Biotechnology Investment Incentive Tax Credit and Innovation Investment Incentive Tax Credit programs.
Renumbered sections of the Annotated Code of Maryland to reorganize economic development articles and subtitles for better structure.
