Governor Wes Moore announced the launch of the Maryland Business Ready Sites Program, a new initiative to boost economic growth by developing shovel-ready business sites statewide. Established by the governor’s economic competitiveness executive order in December 2024, the program provides $3.5 million in matching grants for site characterization and improvements designed to accelerate investment across Maryland. “Since Day One, we’ve worked to make Maryland more competitive,” said Gov. Moore. “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.” Implemented by the Maryland Economic Development Corporation in partnership with state, county, and municipal economic development agencies, the program offers two types of grants: site characterization grants and site improvement grants. Site characterization grants cover the costs of retaining a site development professional to evaluate the site’s current development status and its potential for future use. Site improvement grants support costs including infrastructure upgrades, environmental remediation, and other development-related needs. “We believe the Maryland Business Ready Sites Program will be a powerful catalyst for economic growth and investment throughout our […]
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