Baltimore | Resource Profiles

Explore the resources available to entrepreneurs in Baltimore

The Maryland Industrial Development Financing Authority (MIDFA)

Funding

Description

"MIDFA encourages private sector investments with insurance, and the issuance of tax-exempt and taxable revenue bonds. Insurance reduces the lender's credit risk. All projects must be in a Priority Funding Area. While the transaction size is generally not limited, the credit enhancement is subject to the applicable program limits.MIDFA can be used for land acquisition, building acquisition, construction costs, machinery and equipment, furniture and fixtures, leasehold improvements, certain eligible ""soft costs,"" energy-related projects and working capital."

Tags

Revenue Bond, Loans, Tax Credit, Debt Capital

Resource Providers:

Governmental

As the state's primary economic development agency, we stimulate private investment and create jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing workforce training and financial assistance to Maryland companies. Commerce also promotes the state's many commercial advantages and its outstanding quality of life to spur economic development, international investment, trade and tourism.

Maryland Department of Commerce

Affiliated Ventures:

Resource Details
For Startups
For Nonprofits
For Small Businesses

"MIDFA encourages private sector investments with insurance, and the issuance of tax-exempt and taxable revenue bonds. Insurance reduces the lender's credit risk. All projects must be in a Priority F…

Earliest Stage Served:
Mature
Latest Stage Served:
Growth
All Stages Served:
Mature, Growth
Industries Served:

Finance