Md. Code, Economic Development § 5-556
This is the official text of Md. Code, Economic Development § 5-556, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§5–556.
Official statutory text
(a) The Authority may provide equity participation financing under the Program only after the enterprise submits an application that contains a business plan that meets the requirements of subsection (b) of this section.
(b) The business plan of an enterprise shall include:
(1) a description of the small business or existing business and its management, product, and market;
(2) a statement of the amount, immediacy of need, and projected use of the capital required;
(3) a statement of the potential economic impact of the purchase;
(4) information that relates to the satisfaction of the applicant’s requirements of § 5–557(d) and (e) of this subtitle; and
(5) any other information the Authority requires.
(b) The business plan of an enterprise shall include:
(1) a description of the small business or existing business and its management, product, and market;
(2) a statement of the amount, immediacy of need, and projected use of the capital required;
(3) a statement of the potential economic impact of the purchase;
(4) information that relates to the satisfaction of the applicant’s requirements of § 5–557(d) and (e) of this subtitle; and
(5) any other information the Authority requires.
Status: in_force · Read it on the official government site
Need a lawyer in Maryland?
Find a Maryland lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.