Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 24. Department of Commerce |
Subtitle 05. ECONOMIC DEVELOPMENT |
Chapter 24.05.10. Equity Participation Investment Program |
Sec. 24.05.10.02. Objective
Latest version.
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The basic objective of the Program is to provide financial assistance in the form of "equity investments", including loans, or guaranties to qualifying socially or economically disadvantaged persons who wish to begin or develop franchised businesses or acquire existing businesses or technology-based businesses in the State.