§ 10-10-202. PURPOSES AND USES.

(a)

In general. The purpose of the Fund is to:

(1)

Provide small business owners with capital funds to make site improvements;

(2)

Provide small business owners with capital funds to make improvements to the exterior façades of their buildings; and

(3)

Provide small business owners with capital funds to make improvements to the interiors of their buildings.

(b)

Financial assistance.

(1)

The Fund may provide financial assistance in the form of loans, guarantees, and grants for the benefit of existing and potential commercial businesses in Baltimore County to finance:

(i)

Site improvements;

(ii)

Façade renovations and associated costs; or

(iii)

Machinery and equipment.

(2)

The county's financial assistance under this subtitle may supplement other federal, state and county financial assistance programs.

(c)

Leveraging. The Fund may be used to participate with other government agencies or private sector institutions to leverage funding for special projects.

(Bill No. 15-13, § 1, 4-14-2013)