A flexible and broad-based program, MEDAAF funds grants, loans and investments to support economic development initiatives. Uses include business attraction and retention, infrastructure support, brownfield redevelopment, arts and entertainment districts, daycare, revolving loan funds and local strategic planning. Projects must be within
Priority Funding Areas and eligible industry sectors. Awards are made on a competitive basis.
Five financing capabilities are offered through the Maryland Economic Development Assistance Authority and Fund (MEDAAF) with assistance being provided to the business community and political jurisdictions.
- Strategic Economic Development Opportunities
- Local Economic Development Opportunities
- Direct Assistance to Local jurisdictions or MEDCO
- Regional or Local Revolving Loan Fund
- Special Purpose Programs
Projects must be within
Priority Funding Areas and eligible industry sectors.
Deborah A. Morgan, Chairperson; 2016-2021; Executive VP - SunTrust Bank
Louna Primm, Co-Chairperson; 2015-2020; Chief Lending Officer - New Windsor State Bank
Richard Deemer; 2016-2021; Associate Director - Cornerstone Real Estate Advisors
Carla Nealy; 2014-2019; SVP Chief Credit Officer - The Harbor Bank of Maryland
Brian Sweeney; 2013-2018; Executive Director - Maryland MEP
Note: Two current vacancy seats.
R. Michael Gill, Secretary; Department of Commerce
D. Greg Cole, Senior Director; Designee for Department of Commerce - Office of Finance Programs
Peter Franchot, Comptroller; State of Maryland
Jerome Klasmeier, Deputy Comptroller; Designee for Comptroller of Maryland - State of Maryland
There is NO scheduled meeting for July 28, 2016. The next scheduled meeting is to be held on August 25, 2016. Meetings are held the 4th Thursday of the month. To confirm date and agenda, please contact
Dana McCann, Office of Finance Programs, at 410-767-6367 or
For more information about MEDAAF contact:
Maryland Department of Commerce, Office of Finance Programs