CREC Project News and Updates

CREC Testifies Before Maryland House Appropriations Subcommittee in Annapolis, Maryland

February 4, 2016

Ken Poole testified at a hearing before the Maryland House Appropriations Subcommittee on Education and Economic Development in Annapolis, Maryland.

Testimony presented¬†regarded a study that CREC recently completed on Maryland’s economic development finance programs.

The legislative purposes of MEDCO are to: relieve unemployment in the State; encourage the increase of business activity and commerce and a balanced economy in the State; help retain and attract business activity and commerce in the State; promote economic development; and promote the health, safety, right of gainful employment and welfare of residents of the State

About This Project

Maryland Economic Development Incentives and Financing Study
Start Date: Jul 2015 — End Date: Jan 2016

CREC conducted an in-depth examination of 12 Maryland state incentive and financing programs in six categories.¬† Those included (1) place-based tax credits, (2) investment tax credits, (3) incentives to attract or retain large employers, (4) small business lending and investment programs, (5) credit enhancement and financing programs for small and mid-sized firms, and (6) job […]

About the Client

Maryland Department of Commerce and Maryland Economic Development Corporation

The Maryland Economic Development Commission was formed first by the governor and then by statute in 1995. It establishes economic development policy and, since October 2015, oversees the Department’s operations, including its efforts to attract and retain businesses and jobs in Maryland. From the private sector, the commission¬†raises funds to supplement economic development programs and […]