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Programs for Economic Development Partners

​​​​​​​​Bringing strategic economic development opportunities to completion often requires collaboration and partnering with numerous people, agencies and organizations.
  • Maryland Economic Development Assistance Authority Fund (MEDAAF)
    Provides flexible broad-based support to companies with strategic and extraordinary development opportunities that are locating or expanding within Priority Funding Areas. Available on a statewide, regional or local level, the Department may provide assistance to a local jurisdiction or to the Maryland Economic Development Corporations for strategic plans, feasibility studies, revolving loan funds and infrastructure projects.
     
  • Community Development Block Grant (CDBG)
    Provides funding to commercial and industrial economic development projects. Funds are dispersed to a local jurisdiction in the form of a conditional grant and then used for public improvements or loaned to a business. 
     
  • Base Realignment and Consolidation Revitalization and Incentive Zone (BRAC)
    To focus growth in areas that are already designated for growth; provide local governments with financial assistance for public infrastructure in these well-defined areas; and align other state resources and programs to local governments and businesses located in the BRAC zones for a coordinated State effort on making the zones the focus of BRAC growth.