A flexible and broad-based program, Advantage Maryland (also known as 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 Advantage Maryland 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.
For more information about Advantage Maryland contact:
Maryland Department of Commerce, Office of Finance Programs