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.
BENEFITS
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
ELIGIBILITY
Projects must be within
Priority Funding Areas and eligible industry sectors.
APPLY
For more information about Advantage Maryland contact:
Timothy Doyle,
Managing Director
Maryland Department of Commerce, Office of Finance Programs
410-767-2369
877-821-0099
