1. As set forth in SB 516/Ch. 255(13), 2023 and HB 556/Ch. 254(13), 2023 (MSAR # 14735), the Maryland Economic Development Corporation is required to identify in each of the following locations a site for proposed use as incubator space:
(1) Caroline County, Cecil County, Dorchester County, Kent County, Queen Anne’s County, Somerset County, Talbot County, Wicomico County, or Worcester County;
(2) Allegany County, Garrett County, or Washington County;
(3) Baltimore City or a beltway community located in Anne Arundel County or Baltimore County; and
(4) a beltway community located in Montgomery County or Prince George’s County
The site identifications shall include:
(1) the proposed locations for incubator spaces identified
(2) the square footage of the identified locations; and
(3) the estimated costs for construction or renovation of the proposed location to prepare it for use as an incubator space
In evaluating sites for proposed use as incubator spaces, the Maryland Economic Development Corporation shall consider, in addition to other appropriate criteria, the suitability of converting to incubator space obsolete or underutilized commercial and retail properties such as enclosed malls, big box stores, and warehouse spaces. On or before January 1, 2024, the Maryland Economic Development Corporation shall submit a report on the identified sites and the qualifying criteria required by this section to the Governor and the General Assembly. COMPLETED – DECEMBER 29, 2023 READ HERE
2. The Maryland Economic Development Corporation, in consultation with the Maryland Cannabis Administration, shall acquire and construct or refurbish at least oen facility to operate an incubator space.
