Maryland legislation · 2026 Regular Session
Maryland SB763: Maryland Technology Development Corporation - Maryland Growth Initiative - Established
Status: Signed into law, May 12, 2026
Establishing the Maryland Growth Initiative in the Maryland Technology Development Corporation to support the growth of start-up companies; requiring the Initiative to create a certain list of companies in the State that are between certain growth phases according to a certain priority; establishing the Maryland Growth Initiative Fund to be administered by the Corporation as a special, nonlapsing fund; requiring the Governor to include in the annual budget an appropriation of $5,000,000 for the Initiative; etc.
What the bill says
An act concerning Maryland Technology Development Corporation - Maryland Growth Initiative - Established FOR the purpose of establishing the Maryland Growth Initiative in the Maryland Technology Development Corporation to support the growth of start-up companies; requiring the Initiative to create a certain list of companies in the State that are between certain growth phases according to a certain priority; establishing the Maryland Growth Initiative Fund to be administered by the Corporation as a special, nonlapsing fund…
From the enrolled text, May 18, 2026:
AN ACT concerning Maryland Technology Development Corporation - Maryland Growth Initiative - Established FOR the purpose of establishing the Maryland Growth Initiative in the Maryland Technology Development Corporation to support the growth of start-up companies; requiring the Initiative to create a certain list of companies in the State that are between certain growth phases according to a certain priority; establishing the Maryland Growth Initiative Fund to be administered by the Corporation as a special, nonlapsing fund; requiring the interest earnings of the Fund to be credited to the Fund; requiring the Governor to include an appropriation in the annual budget bill for the Initiative; and generally relating to the Maryland Growth Initiative. BY adding to Article - Economic Development Section 10-4E-01 through 10-4E-05 to be under the new subtitle "Subtitle 4E. Maryland Growth Initiative" Annotated Code of Maryland (2024 Replacement Volume and 2025 Supplement) BY repealing and reenacting, without amendments, Article - State Finance and Procurement Section 6-226(a)(2)(i) and (ii) Annotated Code of Maryland (2021 Replacement Volume and 2025 Supplement) BY repealing and reenacting, with amendments, Article - State Finance and Procurement Section 6-226(a)(2)(iii)212. and 213. Annotated Code of Maryland (2021 Replacement Volume and 2025 Supplement) BY adding to Article - State Finance and Procurement Section 6-226(a)(2)(iii)214. Annotated Code of Maryland (2021 Replacement Volume and 2025 Supplement) BY repealing and …