DEPARTMENT OF BUSINESS & ECONOMIC DEVELOPMENT


OFFICE OF SECRETARY

217 East Redwood St.
Baltimore, MD 21202 - 3316

The Secretary of Business and Economic Development is chief executive officer of the Department. Appointed by the Governor with Senate advice and consent, the Secretary sets policy, promulgates rules and regulations, and determines the strategies necessary to fulfill the Department's mandate. The Secretary is responsible for the budget of the Department, its boards, commissions, and offices. To administer the Department, the Secretary is assisted by the Deputy Secretary. The Deputy Secretary is appointed by the Secretary with the approval of the Governor.

The Secretary serves on the Governor's Executive Council; the Cabinet Council for Career and Technology Education; the Smart Growth and Neighborhood Conservation Subcabinet; the Maryland Economic Development Assistance Authority; the Maryland Economic Development Commission; the Maryland Industrial Development Financing Authority; the Maryland Small Business Development Financing Authority; and the Maryland Advisory Commission on Manufacturing Competitiveness. The Secretary also serves on the Governor's Council on Adolescent Pregnancy; the Interagency Committee on Aging Services; the Maryland Agricultural Education and Rural Development Assistance Board; the Maryland Aviation Commission; the Board of Directors, Bainbridge Development Corporation; the Community Reinvestment Board; the Emergency Management Advisory Council; the Maryland Advisory Council for Individuals with Disabilities; the State Information Technology Board; the Interdepartmental Advisory Committee for Minority Affairs; Maryland Advisory Council for New Americans; the Governor's Interagency Council for the Nonprofit Sector; the Interagency Nutrient Reduction Oversight Committee; the Board of Directors of the Maryland Technology Development Center; the Governor's Task Force on Eastern Shore Economic Development; and the Western Maryland Economic Development Task Force.

Under the Secretary are offices for administrative services, business advocacy, communications, economic policy and legislation, information technology, State technology coordination, and the Maryland Economic Development Corporation.

GOVERNOR'S OFFICE OF BUSINESS ADVOCACY & SMALL BUSINESS ASSISTANCE

The Governor's Office of Business Advocacy and Small Business Assistance began in 1993 as the Office of Regulatory and Environmental Assistance and reorganized as the Governor's Office of Business Advocacy in January 1997 within the Division of Regional Development. In 1999, it transferred to the Office of Secretary. As the Governor's Office of Business Advocacy and Small Business Assistance, it reformed in December 2000.

Created to facilitate communication between the business community and government, the Office provides a regional ombudsman service to Maryland businesses, guides them through the regulatory and permitting processes, and serves as a source of information about government for them. The Office works to enhance Maryland's business environment by reviewing proposed legislation and analyzing its impact on economic growth. By identifying any duplicative, excessive or cumbersome regulations at all levels of government, the Office removes obstacles for business. The Office also advises and assists small and minority-owned businesses.

OFFICE OF ADMINISTRATIVE SERVICES

217 East Redwood St.
Baltimore, MD 21202 - 3316

In 1987, the Office of Administrative Services was created as the Division of Administration, became the Division of Administration and Information Technology in July 1999, and assumed its current name in July 2000. The Division develops departmental budget proposals and projections. It also advises agencies and senior program directors of the Department on fund accounts, personnel, and purchasing.

Requests for proposals and contract awards are reviewed by the Division for compliance with State purchasing regulations. The Division also provides mailroom services, monitors the use of departmental motor vehicles, and maintains liaison with building management.

Under the Office are three offices: Budget and Finance; General Services; and Human Resources.

OFFICE OF INFORMATION TECHNOLOGY

Functions of the Office of Information Technology organized in 1987 as the Division of Administration and Information Technology. The Division reformed in July 2000 into two offices, one of which became the Office of Information Technology. The Office provides systems development, data processing, and microcomputer support and services.


DIVISION OF BUSINESS DEVELOPMENT

217 East Redwood St.
Baltimore, MD 21202 - 3316

The Division of Business Development originated in 1959 when the Department of Economic Development was created to encourage businesses to locate in Maryland and to retain and expand existing enterprises (Chapter 185, Acts of 1959). These functions later devolved on the Division of Business Development. In 1995, the Division was renamed Division of Marketing and resumed its former name in 1999.

By attracting new and expanding businesses, the Division helps create jobs and improve the State's economy. The Division assists domestic and international firms in finding attractive locations in Maryland, produces market data and economic studies, and promotes international trade opportunities to Maryland firms.

Within the Division of Business Development are four offices: Advertising and Promotion; Business Information Services; Industry and Professional Services; and Technology and International Business.

OFFICE OF ADVERTISING & PROMOTION

The Office of Advertising and Promotion began as National Trade Shows and Missions, became National Marketing in 1997, and received its present name in 1999. The Office develops marketing strategy to attract businesses to Maryland through advertising, special events, and trade shows.

OFFICE OF BUSINESS INFORMATION SERVICES

Responsibilities of the Office of Business Information Services originated in 1991 when Business Location Assistance was created within the Division of Business Development. In 1999, Business Location Assistance merged with the Office of Business and Economic Research to form the Office of Business Services. Within the Office of Business Services, Business and Economic Research combined with Business Location Assistance to create the Office of Business Information Services.

BUSINESS RESEARCH & ANALYSIS
Business Research and Analysis started as Business and Economic Research and adopted its present name in 2001. This unit conducts in-depth research on business and economic development issues for the Department and other State government agencies. It also provides information for businesses seeking to locate or expand in Maryland. It analyzes savings realized in enterprise zones; compares tax structures in states; and provides information about State, property and income taxes, and regulatory costs.

State Enterprise Zone Program. Overseen by Business and Economic Research, the Program helps local governments promote economic development in their areas, or zones. To encourage businesses to locate, expand, or remain within the zone, local governments grant property tax credits. Tax credits also become incentives for businesses to create jobs. Certified new and existing businesses are eligible for local property tax credits equal to 80 percent of the additional tax assessed for improvements for five years; thereafter, smaller credits are given for an additional five years.

BUSINESS LOCATION ASSISTANCE
Business Location Assistance was created in 1991 as the Business Location Group and adopted its present name in 1997. This office helps businesses interested in Maryland and advises them on the best place to locate and on financial, technical and training resources available to them.

OFFICE OF MARKETING & SALES

The Office of Marketing and Sales began as National Business Development in 1991. Renamed the Business Development Group in 1992, it resumed its former name in 1994. It reorganized as the Office of Business Development in 1995 and assumed its present name in 1999.

Maryland as a premier business location for foreign and domestic firms is marketed by the Office. With key decision makers and business location consultants, the Office works in targeted markets and industries to recruit the fastest growing firms for relocation in the State.

Through marketing campaigns in this country and abroad, new businesses are encouraged to locate and develop in Maryland. The Office provides information to corporations about economic resources of the State, including raw materials, power and water resources, transportation facilities, markets, labor, banking and financing options, industrial sites, and incentives offered by State government.

Under the Office are the Office of International Business and four groups: Foreign Investment; Industry Sector Development; Marketing Strategies; and National Marketing.


DIVISION OF FINANCING PROGRAMS

217 East Redwood St.
Baltimore, MD 21202 - 3316

The Division of Financing Programs directs and supervises certain State funds used as incentives or seed money for businesses in Maryland. These funds enable the State to retain businesses and attract new ones; foster economic growth; create new jobs; support commercial and industrial redevelopment; and help small, minority and high technology businesses. The Division is responsible for the Economic Development Opportunities Program (Sunny Day) Fund; the Enterprise Fund (includes Challenge Investment Program); the Maryland Competitive Advantage Financing Fund; the Maryland Economic Adjustment Fund; Maryland Economic Development Assistance Authority and Fund; the Maryland Industrial Development Financing Authority; the Maryland Small Business Development Financing Authority; and the Smart Growth Economic Development Infrastructure (One Maryland) Fund.

INVESTMENT FINANCING GROUP

The Investment Financing Group organized in 1995. The Group provides for direct investment in Maryland companies through four programs: Challenge Investment; Enterprise Investment; Enterprise Venture-Capital Limited Partnership; and administration of the Maryland Venture Capital Trust.

Challenge Investment Program. The Program initially may invest $50,000 as "seed money" in a technology-driven Maryland company. Matched with $50,000 from a co-investor, the Program provides a new business with $100,000 in capital. As the new business progresses and attains certain milestones, the Group may authorize up to two increments of $25,000. The investment is to be repaid over a ten-year period. A Challenge recipient must keep its principal place of business in Maryland for three years. After two years, the business should have at least the potential to be considered for a direct equity investment from the Enterprise Investment Fund. Since FY1993, the Program has made 80 investments, totalling $4.35 million. Although the Program's investments are all start-up financing with higher risks, 75 percent of recipients are still in business, and ten recipients have qualified for direct equity investment from the Enterprise Investment Fund.

Enterprise Investment Fund. Created in late 1993, the Fund enables the Department to make direct equity investments (i.e., buy stock) in "early-stage" technology-driven businesses in Maryland. Investments range from $150,000 to $500,000. The decision to invest is based on the potential return, the range of economic development, and the number of jobs that will be created. Requiring a three-to-one co-investor match, the Fund has invested $11 million in 32 firms since FY1993.

Enterprise Venture Capital Limited Partnership Fund. Since FY1995, the Enterprise Investment Fund has invested in six private sector Venture Capital Limited Partnerships to encourage private investment in early stage, high technology Maryland-based firms.

Through the Investment Financing Group, the Maryland Venture Capital Trust also is administered by the Department.

MARYLAND ECONOMIC DEVELOPMENT ASSISTANCE AUTHORITY

The Maryland Economic Development Assistance Authority was authorized in 1999 (Chapter 301, Acts of 1999). After Departmental review, the Authority evaluates requests for loans from the Maryland Economic Development Assistance Fund, determines which to approve, and sets the terms and conditions for loans. From the Fund, loans may be used only to finance costs incurred for acquisition or construction of a building or real estate; acquisition, construction, or installation of machinery, equipment, furnishings, fixtures, leasehold improvements, site improvements; or working capital. Loans are intended for projects with a strong potential for expanding or retaining employment in the State.

The Authority's financing is through loans and grants (including conditional loans and grants), and investments (only in conjunction with a loan or grant). These go to specific growth industry sector businesses which locate or expand in a Priority Funding Area, or to a local jurisdiction on behalf of such a business. Priority Funding Areas include municipalities, land within the Washington, DC or Baltimore Beltways, areas already designated as enterprise zones, neighborhood revitalization areas, heritage areas, industrial land, or other areas where local government wants to encourage development and which meet other criteria.

The Authority consists of nine members. Seven are appointed to three-year terms by the Governor, and two serve ex officio (Code 1957, Art. 83A, secs. 5-1301 through 5-1306).

MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY

The Maryland Industrial Development Financing Authority was created in 1965 (Chapter 714, Acts of 1965). Through consolidation in 2000, the Maryland Industrial Development Fund replaced the Day Care Loan Facilities Loan Guarantee Fund, the Maryland Enterprise Incentive Deposit Fund, and its own Authorized Purpose Fund and Bond Insurance Fund (Chapter 305, Acts of 2000).

The Authority insures conventional loans made by financial institutions. It also may insure a loan or other obligation, or pay or insure the payment of premiums or fees for insurance, guarantees, or other credit support from a third party. The Authority insures up to the lesser of either 80 percent (or 90 percent in the case of export financing) of the obligation, or $2.5 million.

To participate in programs of the Maryland Industrial Development Financing Authority, a company must qualify generally in each of three basic categories: legal eligibility, economic impact, and creditworthiness (Code 1957, Art. 83A, secs. 5-901 through 5-941; Federal Internal Revenue Code, sec. 146). A company also must be in a Priority Funding Area.

The Maryland Industrial Development Financing Authority has nine members. Seven are named to five-year terms by the Secretary of Business and Economic Development with the Governor's approval. The Secretary of Business and Economic Development, and either the State Treasurer or Comptroller of Maryland, as designated by the Governor, serve ex officio. The Authority appoints the Executive Director who serves as Secretary (Code 1957, Art. 83A, secs. 5-904 through 5-913).

MARYLAND SMALL BUSINESS DEVELOPMENT FINANCING AUTHORITY

The Maryland Small Business Development Financing Authority began in 1978 (Chapter 879, Acts of 1978). To provide financial assistance to socially and economically disadvantaged persons who own small businesses within the State, the Authority administers four programs: Contract Financing; Equity Participation Investment; Guaranty Fund; and Surety Bond Fund.

Programs of the Maryland Small Business Development Financing Authority are unique. A major criterion for approval of Authority guarantees and loans is the economic impact resulting from the use of available funds. This impact is measured according to the projected number of jobs retained and created, and the projected amount of tax revenue generated from the use of these funds.

Since 1994, funds under the Authority have been managed privately. In 1992, the U.S. Congress allowed states to use public funds to establish specialized small business investment companies to serve disadvantaged business owners (P.L. 102-366). Two years later, the Maryland Small Business Development Financing Administration was authorized to organize itself into a private Maryland corporation that would be such a company (Chapter 691, Acts of 1994). The Department contracted with that privatized organization to administer programs for a period of three years and has an option to renew the contract for two years.

The Authority has nine members. Seven are appointed to five-year terms by the Governor. The Secretary of Business and Economic Development and either the State Treasurer or Comptroller, as designated by the Governor, serve ex officio (Code 1957, Art. 83A, secs. 5-1001 through 5-1012).

Contract Financing Program. For eligible firms with government or public utility contracts, the Authority may guarantee a loan from a financial institution; it also may provide a direct loan for working capital and equipment. These guarantees or loans may be offered only to fulfill contracts on projects financed by federal, State or local government, or by a utility regulated by the Public Service Commission.

Equity Participation Investment Program. To encourage and assist the start up, development, and retention of Maryland-based franchises and technology businesses, owned and operated by persons socially or economically disadvantaged, this program was created in 1985. For all eligible firms, the Authority may invest up to 45 percent or $100,000 (whichever is less) of funds to start a franchise operation. The Authority also may invest up to 25 percent or $500,000 (whichever is less) of funds to acquire a profitable business. For these options, the Authority requires the initial investment to be recovered within seven years. The Authority also may invest up to $500,000 in technology-based businesses to be repaid in ten years.

Guaranty Fund Program. For all eligible firms, the Authority may guarantee and/ or pay an interest rate subsidy on a long-term loan made by a financial institution. The loan may be used for working capital, acquisition and related installation of machinery and equipment, or needed improvements to real property owned by the applicant.

Surety Bond Fund Program. Since 1985, the Surety Bond Fund has helped eligible small businesses obtain bonds they need to fulfill contracts funded primarily by government agencies or public utilities. These may be bid, performance or payment bonds. The Program either guarantees a bond up to 90% or $900,000, or may issue bonds directly of up to $750,000.


DIVISION OF REGIONAL DEVELOPMENT

217 East Redwood St.
Baltimore, MD 21202 - 3316

The Division of Regional Development began in 1991 as the Division of Business Resources. It reorganized under its present name in 1995.

The Division coordinates programs and strategies that help companies and regions become even more competitive and productive. Productive relationships between the Department and public and private regional economic development organizations are formed by the Division.

Under the Division are five offices: Administration; In-State Business Services; Interagency and Local Government Coordination; Military Affairs and Federal Facilities; and Work Force Coordination. The Division is aided by the Maryland Advisory Commission on Manufacturing Competitiveness.

MARYLAND INDUSTRIAL TRAINING PROGRAM
To develop new workforces and underwrite the training necessary to start and expand operations, the Maryland Industrial Training Program gives grants to businesses. It helps firms use the Maryland Job Service to determine staffing needs and recruit employees. The Program also links businesses to other State services, to resources available for productivity and training needs assessments, and to training curricula and resources for curriculum development.

OFFICE OF IN-STATE BUSINESS SERVICES

The Office of In-State Business Services began as the Maryland Business Assistance Center under the Division of Business Development. In 1991, Center functions reorganized as the Office of Business Assistance under the Division of Business Resources. The Office became Business Assistance in 1993 and Office of Regional Response in 1995. In April 1998, the Office of Regional Response merged with Community Infrastructure Development to become the Office of Community Assistance. In July 1999, the Office assumed its current name.

Through five regional offices, the Office works directly with Maryland businesses. It serves as liaison to the many State programs and services designed to enhance the competitiveness of Maryland businesses. The Office also oversees the Maryland Industrial Training Program and serves as an advocate for business in dealing with government-related issues and problems. The Office is assisted by the Maryland Economic Adjustment Financing Committee, and the Partnership for Work Force Quality Advisory Board.

OFFICE OF INTERAGENCY & LOCAL GOVERNMENT COORDINATION

Origins of the Office of Interagency and Local Government Coordination trace to July 1999 when the Office of Regulatory Affairs and Analysis was established within the Division of Regional Development. Regulatory Affairs and Analysis developed policy initiatives and cooperation to make Maryland's business climate "business-friendly." Also in July 1999, the Office of Community Planning was created to work with local government officials and their economic development offices on strategic planning. The functions of these two offices merged in January 2001 to form the Office of Interagency and Local Government Coordination.

OFFICE OF MILITARY AFFAIRS & FEDERAL FACILITIES

Certain functions of the Office of Military Affairs and Federal Facilities started as the Office of Technology Development in January 1989. It reformed as the Technology Commercialization Program in 1993, as the Office of Federal Response and Technology Commercialization in 1995, and became the Office of Technology Support in March 1998. It received its present name in 1999.

To support technology businesses, the Office coordinates and leverages resources in the public, private and academic sectors. It also serves as liaison to federal government agencies located in Maryland. In addition, the Office provides financial support and training grants to companies affected by federal budget cuts and relocations.

The Office develops business relationships between U.S. military bases, federal laboratories, and private companies in Maryland to implement strategies for creating and retaining jobs, and redeveloping abandoned military sites. To minimize the adverse impact of closures of military bases or federal facilities, the Office helps businesses diversify to reduce their dependence on the federal government.


DIVISION OF TOURISM, FILM, & THE ARTS

217 East Redwood St.
Baltimore, MD 21202 - 3316

The Division of Tourism, Film, and the Arts began in 1948 as the Department of Information under the Hall of Records Commission. The Department became an independent agency in 1949. In 1959, it reorganized as the Tourist Development and Publicity Division within the Department of Economic Development. When the Department of Economic and Community Development formed, the Division was renamed the Tourism Division in 1970, the Division of Tourist Development by 1973, and the Tourist Development Office by 1981. By 1989, the Office reorganized as part of the Division of Tourism and Promotion. It received its present name in 1996 (Chapter 321, Acts of 1996).

Maryland as a destination for domestic and international travelers is promoted by the Division. The Division also supports the performing, visual and creative arts and promotes Maryland as a location for film and television production.

Under the Division are the Maryland State Arts Council, the Maryland Film Office, and the Office of Tourism Development.

MARYLAND STATE ARTS COUNCIL

601 North Howard St.
Baltimore, MD 21201

In 1966, the Maryland State Arts Council originated as the Governor's Council on the Arts in Maryland, established by Executive Order. It became the Maryland State Arts Council in 1967 (Chapter 644, Acts of 1967). Formerly under the Department of Economic and Community Development, the Council joined the Department of Economic and Employment Development in 1987 (Chapter 311, Acts of 1987), and transferred to the Department of Business and Economic Development in 1995 (Chapter 120, Acts of 1995).

The Council supports the performing, visual and creative arts, including dance, drama, music, architecture, painting, sculpture, graphics, crafts, photography, design, film, television and creative writing (Code 1957, Art. 83A, sec. 4-608). Support takes the form of grants and special programs. The Council makes grants to individual artists, arts organizations, and county arts councils. To some 250 arts organizations, it also awards operating grants which support performances and exhibitions and the work of artists throughout the State. In addition, the Council conducts programs of its own: Community Arts Development Program, Artists in Education Program, Multicultural Outreach Program, and State Folklife Program. Annually, the Council receives a grant from the National Endowment for the Arts for program support.

Seventeen members compose the Council. Thirteen are appointed to three-year terms by the Governor in consultation with the Secretary of Business and Economic Development. Two (one a senator) are appointed by the Senate President, and two (one a delegate) are appointed by the House Speaker (Code 1957, Art. 83A, secs. 4-601 through 4-609).

MARYLAND FILM OFFICE

The Maryland Film Office was created in 1980 as the Motion Picture and Television Development Office (Chapter 5, Acts of 1980). It joined the Department of Economic and Employment Development in 1987 (Chapter 311, Acts of 1987). After being placed under the Maryland State Arts Council in 1992, the Office reformed as a separate entity in 1994 and became part of the Department of Business and Economic Development in 1995. It was renamed the Maryland Film Office in 1997 (Chapter 49, Acts of 1997; Code 1957, Art. 83A, sec. 4-401).

For film and video production, the Office promotes Maryland's diverse locations. For feature films, and television programs and commercials, it works to provide facilities throughout the State. The Office helps with location scouting, permits, casting, film crew housing, catering, and equipment rental. It also prepares and distributes materials highlighting desirable film locations in the State. To bring more movie business to Maryland, the Office opened a satellite office in Los Angeles in July 2000.

The Office has assisted in bringing the following films to Maryland:
Major League II (David Ward, director, 1993)
Silent Fall (Bruce Beresford, director, 1993)
Serial Mom (John Waters, director, 1993)
Guarding Tess (Hugh Wilson, director, 1993)
Boys (Stacy Cochran, director, 1994)
Home for the Holidays (Jodie Foster, director, 1995)
Twelve Monkeys (Terry Gilliam, director, 1995)
Die Hard with a Vengeance (John McTiernan, director, 1995)
The Shadow Conspiracy (George Pan Cosmatos, director, 1995)
Absolute Power (Clint Eastwood, director, 1996)
G. I. Jane (Ridley Scott, director, 1996)
Washington Square (Agnieszka Holland, director, 1996)
For Richer or Poorer (Brian Spicer, director, 1997)
Species 2 (Peter Medak, director, 1997)
Beloved (Jonathan Demme, director, 1997)
Dead Man's Curve (Dan Rosen, director, 1997)
Enemy of the State (Tony Scott, director, 1997)
The Adversaries (made-for-television movie, 1998)
Runaway Bride (Gary Marshall, director, 1998)
Liberty Heights (Barry Levinson, director, 1998)
Random Hearts (Sidney Pollack, director, 1998)
The Blair Witch Project (Ed Sanchez, director, 1998)
The Replacements (Howard Deutsch, director, 1999)
Cecil B. Demented (John Waters, director, 1999)
The Corner (Roc Dutton, director, 1999)
Book of Shadows: Blair Witch 2 (Joseph Berlinger, director, 2000)

In addition, the television series, Homicide: Life on the Streets, filmed on location in Baltimore from 1992 to 1999. The television series, Young Americans, was filmed in Maryland in 2000.

OFFICE OF TOURISM DEVELOPMENT

The Office of Tourism Development had formed as the Tourism Development Office by 1981 and reorganized within the Division of Tourism, Film, and the Arts under its present name in 1996. Tourism has an economic impact on Maryland by creating jobs, generating tax revenue, and increasing business income. In 1999, tourist spending produced an estimated $7.7 billion, generating over 103,000 jobs and $646.5 million in tax revenue.

To increase tourism, the Office of Tourism Development showcases Maryland's unique recreational, historical and cultural attractions. The Office promotes Maryland as a travel destination for domestic and international tourists. It publicizes major events and advises travel agents, tour operators, writers, and the Maryland travel industry about attractions, services, and facilities.

Free publications describing Maryland tourist attractions, accommodations, historic sites, State parks, camping facilities, and recreational opportunities are updated annually. These publications include Destination Maryland (travel and outdoor guide), Maryland Celebrates Calendar of Events, and an official Maryland State highway map. The Office also works with travel and outdoor writers to provide tours of Maryland, research and information, and promotional photographs.

In addition to answering mail and phone inquiries, the Office runs a visitors' center and guide service at the State House in Annapolis, and twelve highway information centers. The Office's matching funds and cooperative marketing programs strengthen and support county and regional travel promotion councils as well.

MARYLAND TOURISM DEVELOPMENT BOARD
The Maryland Tourism Development Board was authorized in 1993 (Chapter 625, Acts of 1993). The Board stimulates and promotes travel and tourism in Maryland. Subject to the approval of the Secretary of Business and Economic Development and the Maryland Economic Development Commission, the Board formulates a five-year strategic plan, an annual marketing plan, and an annual operating budget.

The Board works to protect, preserve, promote, and restore the natural, historical, scenic and cultural resources of Maryland; encourages the development of new tourism resources, products, businesses, and attractions in the State; and helps tourists travel through Maryland by ensuring the provision of signs, information aids, and other services. The Board evaluates the impact of taxes, fees, licenses, and regulations on the creation of jobs and income in the tourism industry. The Maryland Tourism Development Board Fund may be used by the Board to plan, advertise, and develop tourism and travel industries in the State.

Seventeen members constitute the Board. Eleven are appointed to three-year terms by the Governor with advice of the Secretary of Business and Economic Development and Senate advice and consent. Two senators are named by the Senate President and two delegates by the House Speaker. In addition, the Senate President and the House Speaker each appoint a member from the business community. (Code 1957, Art. 83A, secs. 4-201 through 4-209).

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