(3) do anything necessary or convenient to carry out its powers and the purposes of this subtitle.
Duties
(b) The Commission shall:
(1) develop and update an economic development strategic plan for the State;
(2) seek ideas and advice from each region of the State to develop the economic development strategic plan;
(3) incorporate into the economic development strategic plan the Maryland Port Administration strategic plan developed for the Helen Delich Bentley Port of Baltimore;
(4) recommend to the Governor and the Secretary the program and spending priorities needed to implement the economic development strategic plan;
(5) review the allocation of financing incentives;
(6) participate in encouraging new businesses to locate in the State;
(7) seek contributions from the private sector to supplement economic development programs and financial incentives to business;
(8) conduct periodic reviews of the economic development activities of the Department, the Maryland Economic Development Corporation, the Maryland Technology Development Corporation, and the Maryland Public-Private Partnership Marketing Corporation for compliance with the economic development strategic plan;
(9) make recommendations to the Governor and the Secretary to improve economic development activities that fail to achieve economic development strategic goals or are inconsistent with priorities under the economic development strategic plan; and
(10) carry out other economic development activities that the Governor or the Secretary requests.
Approved budget amendment required
(c) The Commission may spend money raised under subsection (b) of this section only in accordance with the State budget.
Approval of regulations
(d) Departmental regulations that pertain to financing programs shall be approved by the Commission before adoption.
Submission of budget request
(e) The Department may not submit a budget request before the Commission reviews the request.
Credits
Added as Economic Development § 2-206 by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008. Renumbered as Economic Development § 2.5-206 by Acts 2015, c. 141, § 1, eff. Oct. 1, 2015. Amended by Acts 2015, c. 141, § 2, eff. Oct. 1, 2015.
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.
