State Agencies

ing, small business development, permit acquisi-
tion, and energy. It also counsels and assists with
productivity improvement, labor-management re-
lations, advocacy in State and local government,
and technical training. It offers export promotion
and other services to the Maryland business com-
munity.

OFFICE OF INDUSTRIAL TRAINING

Ray Adcock, Director

1748 Forest Drive
Annapolis 21401 Telephone: 269-2631

The Maryland Industrial Training Program
(MITP) was transferred on September 30, 1980
from the State Department of Education to the
Office of Business Liaison (OBL) to enhance the
growth and development of programs for new
and expanding industry locating in Maryland.
The starting up of a new industry locating in the
State and the expansion of an existing industry
require a trained workforce for the company to
become productive. The Maryland Industrial
Training Program provides a tailored program
designed to help recruit, select, and train person-
nel according to a company's needs and specifica-
tions. The Training Program is an inducement to
encourage plant location in the State.

MARYLAND SMALL BUSINESS
DEVELOPMENT FINANCING
AUTHORITY

Directors: Frank B. Coakley, 1984; W. Howard
Pinckett, 1984; James F. DeCarlo, Jr., 1985;
Robbie Page, 1986; Leonard Blackshear, 1987;
Cecil E. Flamer, 1987.

James 0. Roberson, Secretary of Economic and
Community Development; William S. James,
State Treasurer

Stanley W. Tucker, Executive Director

World Trade Center
401 E. Pratt Street
Baltimore 21202 Telephone: 659-4270

The Maryland Small Business Development Fi-
nancing Authority was created in 1978 to make
working capital available to businesses owned by
minority or disadvantaged individuals (Chapter
879, Acts of 1978). Until 1982, assistance was
aimed solely at helping minority firms fulfill con-
tracts awarded by any level of government. Un-
der the original program, eligible firms must first
show an inability to obtain working capital
through private or commercial sources.

Economic and Community Development/169

In 1982, the General Assembly enabled the
Authority to expand its program. By Chapter
734, Acts of 1982, the Authority may offer loan
guarantees and, in some cases, subsidize interest
costs of working capital loans from private lend-
ing institutions to minority-owned firms. The
guarantees are backed by a $2.5 million special
revolving fund created by the General Assembly.
The new loan guarantee program does not limit
the use of loan proceeds to work on government
contracts. Loans are made at the prevailing mar-
ket rate. Recipient firms, historically small in size
and brief in experience, are usually considered
"high risk" businesses by the private lender.

The Maryland Small Business Development Fi-
nancing Authority is governed by five appointed
directors, in addition to the Secretary of the De-
partment of Economic and Community Develop-
ment and either the State Treasurer or Comptrol-
ler (Code Financial Institutions Article, secs.
13-201 through 13-234).

MARYLAND INDUSTRIAL
DEVELOPMENT FINANCING
AUTHORITY (MIDFA)

Chairperson: James C. Johnson, 1983
Vice-Chairperson: Patricia B. Bissell, 1984

Ex officio members: James 0. Roberson, Secretary
of Economic and Community Development; Wil-
liam S. James, State Treasurer

Appointed members: Richard N. Dixon, 1984;
William J. Detweiler, 1985; E. Kirkbridge Mill-
er, 1986; John S. Lalley, 1987; Thomas H.
Mullaney, 1987.

Oliver H. Fulton, Executive Director and Secre-
tary

John G. Fitzpatrick, Associate Director and Assis-
tant Secretary

Judith S. Waranch, Assistant Attorney General—
Counsel

World Trade Center
Suite 2244
401 E. Pratt Street
Baltimore 21202 Telephone: 659-4262

The Maryland Industrial Development Financ-
ing Authority (MIDFA) was created by the Gen-
eral Assembly of 1965 to help the finance busi-
ness enterprises seeking to locate or expand their
operations in Maryland (Chapter 714, Acts of
1965). MIDFA consists of a nine-member Au-
thority, seven of whom are appointed by the Sec-
retary of Economic and Community Development