Md. Code, Economic Development § 10-708
Md. Code, Economic Development § 10-708
in effectThe Board shall give preference to venture capital fund proposals that:
(1) provide financing predominately to businesses that conduct a substantial amount of business in the State;
(2) require venture capital funds to match the money invested by the Trust with money invested by private investors on at least a 1 to 3 ratio; and
(3) ensure that a majority of the money that the Trust invests is for seed capital financing in the State.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec§ion=10-708&enactments=falseFetched: 10/16/2026