Section 5-311 - Purposes.
§ 5-311. Purposes.
The purposes of the Fund are to:
(1) expand employment opportunities in the State by providing financial assistance to businesses that are engaged in eligible industry sectors, including financial assistance for:
(i) animal waste technology projects;
(ii) aquaculture projects;
(iii) arts and entertainment enterprises;
(iv) arts and entertainment projects; and
(v) creation and expansion of child care facilities;
(2) provide financial assistance for the redevelopment of qualified brownfields sites;
(3) provide financial assistance to local governments and the Corporation for economic development projects; and
(4) provide grants to local economic development funds.
[An. Code 1957, art. 83A, § 5-1402; 2008, ch. 306, § 2.]