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Medco budget hearing highlights new site‑readiness and infrastructure funds; witness urges ending MIDC grant over Israeli arms concerns
Summary
The Maryland Economic Development Corporation presented new programs—$10 million strategic infrastructure revolving loan fund and a $7 million certified sites grant—while a public witness urged the committee to reallocate a grant to the Maryland Israel Development Center over allegations about arms manufacturers.
The Maryland Economic Development Corporation (Medco) briefed the House Appropriations Education and Economic Development Subcommittee on several new and existing economic development programs and capital projects, and one public witness asked the committee to reallocate a grant made to the Maryland Israel Development Center (MIDC).
Elizabeth Weibel, DLS analyst, outlined two new programs included in Medco’s dedicated purpose account for fiscal 2026: a $10,000,000 strategic infrastructure revolving loan fund to provide loans for real estate and infrastructure projects targeting underutilized properties with job growth potential, and a $7,000,000 certified sites matching grant program established by executive order to prepare sites for business attraction. Weibel…
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