§ 5-703. Enterprise zones--Application

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

West's Annotated Code of Maryland
Economic Development (Refs & Annos)
Division I. Secretary of Commerce and Department of Commerce [Titles 1-8] (Refs & Annos)
Title 5. Economic Development and Financial Assistance Programs (Refs & Annos)
Subtitle 7. Enterprise Zones (Refs & Annos)
Effective: October 1, 2008
MD Code, Economic Development, § 5-703
§ 5-703. Enterprise zones--Application
Currentness
In general
(a) The following political subdivisions may apply to the Secretary to designate an enterprise zone:
(1) a political subdivision for an area within that political subdivision;
(2) with the prior consent of the municipal corporation, a county on behalf of a municipal corporation for an area in the municipal corporation; or
(3) two or more political subdivisions jointly for an area astride their common boundaries.
Form and content
(b) The application shall:
(1) be in the form and manner and contain the information that the Secretary requires by regulation;
(2) contain sufficient information to allow the Secretary to determine if the proposed enterprise zone meets the criteria in § 5-704 of this subtitle;
(3) be submitted for a political subdivision by its chief elected officer, or if none, its governing body;
(4) state whether the political subdivision has examined the feasibility of creating educational or training opportunities for employers and employees of business entities located or to be located in the proposed enterprise zone; and
(5) state the standards established by the political subdivision that a business entity shall meet before receiving the incentives and initiatives under § 5-707 of this subtitle.

Credits

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.
MD Code, Economic Development, § 5-703, MD ECON DEV § 5-703
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document