Section 6-301 - Definitions(a) In this subtitle the following words have the meanings indicated.(b)(1) "Development costs" means the costs incurred to develop, redevelop, or expand a neighborhood business development project.(2) "Development costs" includes the costs of:(i) necessary studies, surveys, plans, and specifications;(ii) architectural, engineering, or other special services, including flood plain studies, environmental audits, and critical area or wetland assessments;(iii) land and improvements;(v) construction, reconstruction, and rehabilitation;(vi) machinery, equipment, and furnishings;(vii) essential operating costs, including working capital and occupancy expenses;(viii) indemnity and surety bonds and premiums on insurance;(ix) temporary relocation expenses; and(x) other costs determined to be acceptable by the Department.(c) "Eligible opportunity zone" means an area designated as a qualified opportunity zone under § 1400Z-1 of the Internal Revenue Code that is located in Allegany County, Garrett County, Somerset County, or Wicomico County.(d) "Food desert" means the part of a priority funding area or an eligible opportunity zone designated by the Secretary under § 6-308(c) of this subtitle.(e) "Fund" means the Neighborhood Business Development Fund.(f) "Microenterprise" means a business that qualifies as a microenterprise under § 6-302 of this subtitle.(g) "Priority funding area" means an area designated as a priority funding area under § 5-7B-02 of the State Finance and Procurement Article.(h) "Program" means the Neighborhood Business Development Program.(i)(1) "Project" means a neighborhood business development project that receives financial assistance from the Fund.(2) "Project" includes: (i) a microenterprise project that receives financial assistance from the Fund; and(ii) a food desert project that receives financial assistance from the Fund.(j) "Small business" means a business that qualifies as a small business under § 6-302 of this subtitle.(k) "Sustainable community" means the part of a priority funding area that: (1) as determined by the Smart Growth Subcabinet, satisfies the requirements of § 6-205 of this title;(2) has been designated as a BRAC Revitalization and Incentive Zone under Title 5, Subtitle 13 of the Economic Development Article; or(3) has been designated a transit-oriented development under § 7-101 of the Transportation Article.Amended by 2021 Md. Laws, Ch. 91,Sec. 1, eff. 7/1/2021.Amended by 2019 Md. Laws, Ch. 211,Sec. 3, eff. 7/1/2019.Amended by 2016 Md. Laws, Ch. 482,Sec. 2, eff. 7/1/2016.Amended by 2014 Md. Laws, Ch. 228,Sec. 1, eff. 10/1/2014.