Clock Tower Place, Suite 21
1410 Forest Drive, Annapolis, MD 21403
(410) 267-6807; fax: (410) 267-6809
Clock Tower Place, 1410 Forest Drive, Annapolis, Maryland, September 2008. Photo by Diane F. Evartt.
Appointed by Governor with Senate advice & consent to 4-year terms: James C. Falletta, 2018; Charles M. Wright IV, 2018; Mary Shank Creek, 2019; Faith Elliott-Rossing, D.B.A., 2019; Megan E. Keyes, 2019; Aden A. King, 2019; John P. Jastrzembski, 2020; Mark C. Krebs, 2020; Howard D. Leathers, Ph.D., 2020; Douglas W. Lipton, Ph.D., 2021; Wayne Richard, 2021.
Ex officio: Steven A. Connelly, designee of Secretary of Agriculture; Andrew W. Fish, designee of Secretary of Commerce; Emily H. Wilson, designee of Secretary of Natural Resources; Donald J. Darnall, Executive Director, Maryland Food Center Authority; Charlotte L. Davis, Executive Director, Rural Maryland Council; Stephen E. Wright, Ph.D., Associate Director, Maryland Cooperative Extension.
Farm equipment & crops exhibit, Maryland State Fair, Timonium, Maryland, September 2015. Photo by Sarah A. Hanks.
Maryland's agricultural businesses are aided by the Corporation which provides access to affordable capital and credit, and business planning guidance. Through grants and low-interest loan programs, the Corporation provides financing to farm, forestry and seafood operations to help them take advantage of emerging markets in food and fiber production and in rural tourism or ecosystem services. Rural land preservation is facilitated by the Corporation's work with State and local land preservation agencies and commercial lenders. Young or beginning farmers, including those engaged in shellfish aquaculture, and agricultural enterprises seeking to diversify their business operations also receive assistance from the Corporation. (Code Economic Development Article, secs. 10-501 through 10-527).
Since 2006, the State budget has included mandatory funding to capitalize the Corporation's business investment programs. This authorization ends in 2021 (Chapter 289, Acts of 2006).
The Corporation is governed by a Board of Directors consisting of seventeen members. Eleven are appointed to four-year terms by the Governor, and six serve ex officio (Code Economic Development Article, sec. 10-505).
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