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Medco expands site‑readiness, infrastructure loan and cannabis incubator programs as agency highlights financing activity
Summary
The Maryland Economic Development Corporation will manage new funds including a $10 million strategic infrastructure revolving loan fund and a $7 million certified sites matching grant program; Medco and DLS also described the cannabis incubator, underperforming conference center, student housing sales and potential DECADE Act transfers.
Department of Legislative Services analyst Elizabeth Weibel told the Education and Economic Development Subcommittee that the Maryland Economic Development Corporation (Medco) is a non‑budgeted, primarily self‑funded entity that develops property and issues revenue bonds. Weibel highlighted two new programs in the fiscal 2026 plan: a $10 million Strategic Infrastructure Revolving Loan Fund established by recent legislation to provide loans for infrastructure and real estate projects aimed at underutilized properties, and a $7 million Certified Sites matching grant program established by executive order to ready sites for business attraction.
Weibel said the initial $10 million for the infrastructure revolving loan fund is…
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