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§ 10-702. Legislative findings; intent

West's Annotated Code of MarylandEconomic DevelopmentEffective: October 1, 2008

West's Annotated Code of Maryland
Economic Development (Refs & Annos)
Division II. Independent and Regional Development Units and Resources [Titles 9-End] (Refs & Annos)
Title 10. Statewide Development Resources and Revenue Authorities (Refs & Annos)
Subtitle 7. Maryland Venture Capital Trust (Refs & Annos)
Effective: October 1, 2008
MD Code, Economic Development, § 10-702
§ 10-702. Legislative findings; intent
Currentness
Findings
(a) The General Assembly finds that:
(1) small businesses are a major source of new jobs and innovations in the State;
(2) the State's research capacity could spur innovation in new and existing businesses to create and maintain jobs in the State; and
(3) an inadequate supply of seed capital financing and venture capital funds has limited the commercialization of research and development in the State.
Intent
(b) The General Assembly intends for the Trust to:
(1) help fill the gap in the State's economy caused by the inadequate supply of seed capital financing and venture capital funds; and
(2) stimulate the commercialization of research and development to create and sustain businesses throughout the State.

Credits

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.
MD Code, Economic Development, § 10-702, MD ECON DEV § 10-702
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document