ANNAPOLIS, MD—Maryland has launched a $3.5 million site development program to encourage investment and job creation throughout the state.
The Maryland Business Ready Sites Program offers matching grants for site characterization and improvements to make sites “shovel ready” for businesses. The program is a component of Gov. Wes Moore’s economic competitiveness executive order issued in December.
“Since Day One, we’ve worked to make Maryland more competitive,” Moore said in a statement. “I want to thank the Maryland Economic Development Corporation and partners from across the state for building on that foundation through the Maryland Business Ready Sites Program. Together, we will attract business growth to the state, create new jobs, and position Maryland to win the decade.”
The program is being implemented by the Maryland Economic Development Corp. in partnership with state, county, and municipal economic development agencies. Two types of grants are available: site characterization grants and site improvement grants. The first covers the costs of a site development professional to evaluate a site’s current status and potential for future use. The second supports costs including infrastructure upgrades, environmental remediation, and other development-related needs.
To qualify, sites must be five acres and not yet developed. Eligible sites or sub-sites are intended for private sector companies in outlined industries for industrial and commercial use. Public and private landowners who meet the program requirements can apply.
Applications are open now. For priority review for fiscal year 2026, applications should be submitted by May 31. To learn more about the program and how to apply, visit https://www.medco-corp.com/programs.
“We believe the Maryland Business Ready Sites Program will be a powerful catalyst for economic growth and investment throughout our state,” Maryland Economic Development Corp. Executive Director Tom Sadowski said in a statement. “By preparing sites for immediate development, we’re creating opportunities for both public and private partners to attract employers, facilitate business expansion, and revitalize underutilized properties across Maryland.”
This article was written with the assistance of AI and reviewed by a human editor.
Photo via Pixabay
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