§ 11-606. Maryland New Start Grant Program
West's Annotated Code of MarylandLabor and EmploymentEffective: July 1, 2022
Effective: July 1, 2022
MD Code, Labor and Employment, § 11-606
§ 11-606. Maryland New Start Grant Program
(c) The purpose of the Program is to provide grants to organizations to create or support existing entrepreneurship development programs to provide assistance to covered individuals.
(d)(1) As provided in the budget, the Department shall make grants in accordance with this subsection to at least five eligible organizations.
(e)(1) As a condition of a grant provided under the Program, the Department shall require the recipient of the grant to contribute an amount equal to 25% of the amount of the grant, obtained solely from existing or new non-State sources.
(f)(1) In each of fiscal years 2024, 2025, 2026, 2027, and 2028, the Governor shall include in the annual budget bill an appropriation of at least $200,000 for the Program.
(g)(1) Subject to paragraph (2) of this subsection, an organization awarded a grant by the Department under the Program shall submit an annual report to the Department on the use of grant funds received under the Program.
(h) On or before January 1, 2029, the Department shall report to the Governor and, in accordance with § 2-1257 of the State Government Article, the General Assembly on:
Credits
Added by Acts 2022, c. 485, § 1, eff. July 1, 2022.
MD Code, Labor and Employment, § 11-606, MD LABOR & EMPLY § 11-606
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.
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