Md. Code Regs. 14.04.04.06

Current through Register Vol. 51, No. 24, December 2, 2024

Section 14.04.04.06 - Procedures and Guidelines for Investment Decisions

A. In General. TEDCO shall select a business for investment from the RBII Program in accordance with the application process set forth in COMAR 14.04.02.

B. Investment Criteria. In addition to the investment criteria described in COMAR 14.04.02.05, TEDCO shall consider the following investment criteria:

(1) Whether the applicant has previously received a grant from the RBII Program; and

(2) Whether the applicant has the potential to grow and to receive an investment from other TEDCO investment programs not less than 12 to 24 months after receipt of RBII Fund investment proceeds.

Md. Code Regs. 14.04.04.06

Regulation .06 adopted effective 46:26 Md. R. 1167, eff. 12/30/2019