Md. Code, Econ. Dev. § 10-708

Current with changes from the 2024 Legislative Session

Section 10-708 - Preferred proposals

The Board shall give preference to venture capital fund proposals that:

(1) provide financing predominately to businesses that conduct a substantial amount of business in the State;

(2) require venture capital funds to match the money invested by the Trust with money invested by private investors on at least a 1 to 3 ratio; and

(3) ensure that a majority of the money that the Trust invests is for seed capital financing in the State.

Md. Code, EC § 10-708