Maryland Code, ECONOMIC DEVELOPMENT 2-103
Terms Used In Maryland Code, ECONOMIC DEVELOPMENT 2-103
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(1) consult with and advise secretaries of other principal departments on coordination of the activities of the departments that relate to economic development policy and implementation efforts in the State;
(2) establish guidelines and procedures to promote the orderly and efficient administration of the Department; and
(3) monitor the activities of and coordinate policy for:
(i) the Maryland Economic Development Corporation;
(ii) the Maryland Technology Development Corporation; and
(iii) the Maryland Public-Private Partnership Marketing Corporation.
(b) The Secretary may establish, reorganize, or abolish areas of responsibility in the office of the Secretary as necessary to fulfill effectively the duties assigned to the Secretary.