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Maryland Industrial Development Financing Authority (MIDFA)

​​​​​​​​​​​​​​MIDFA promotes private sector investment in economic development projects through the insurance of financial obligations and the issuance of taxable and tax-exempt bonds. The program promotes greater access to capital for small- and medium-sized businesses and supports historically disadvantaged businesses and businesses in rural areas.

MIDFA can be used for land acquisition, building acquisition, construction costs, machinery and equipment, furniture and fixtures, leasehold improvements, certain eligible "soft costs," energy-related projects and working capital.


MIDFA facilitates capital access by issuing private activity revenue bonds and can provide credit insurance in the form of a loan guaranty to reduce lender's risk. 

Private activity revenue bonds  

  • Taxable Bond: Provides access to long-term capital markets for primarily fixed asset financing. 
  • Tax-Exempt Bond: Provides access to long term capital markets for fixed asset financing at tax-exempt rates. Eligibility is limited by Federal tax law to 501(c)(3) non-profit organizations, manufacturing facilities and certain solid waste projects.  Additional limitations apply to the specific transaction type. 

Credit insurance  

  • Conventional Program: Insures up to 80%, not to exceed $2.5 million of a transactions made by a financial institution.  Export transactions may be insured up to 90%.
  • Bond Program: Insures bonds up to 100%, not to exceed $7.5 million of taxable or tax-exempt bonds. ​


Commercial and industrial businesses in a Priority Funding Area (with the exception of retail), manufacturers, not-for-profit entities and day care providers.​


Visit the MIDFA/MEDAAF Authority​ page​ for information about board members, meetings and meetings minutes.


For more information about MIDFA contact:

Timothy DoyleProgram Manager 
Maryland Department of Commerce, Office of Finance Programs
877-821-0099 ​