Md. Code Regs. 24.05.21.11

Current through Register Vol. 51, No. 24, December 2, 2024

Section 24.05.21.11 - Renewal of RISE Zones

A. The Secretary may renew a RISE Zone for an additional 5 years upon joint application by the entities that applied for the original RISE Zone designation.

B. To apply for renewal, the entities that applied for the original RISE Zone designation shall file a complete application, which shall include:

(1) An analysis of whether the goals and objectives of the target strategy were met;

(2) An analysis of the success and outcomes of the designation, including the number of jobs created, total and type of capital investment made, the number of new businesses locating to the RISE Zone, and any other information that demonstrates success;

(3) A description of how the qualified institution met the goals specified in the qualified institution's application for qualified institution designation; and

(4) A discussion of what would be achieved by renewing the RISE Zone for an additional 5-year period.

Md. Code Regs. 24.05.21.11

Regulation .11 adopted effective 42:6 Md. R. 514, eff.3/30/2015