Stanley W. Tucker, Executive Director

World Trade Center, Suite 700
401 E. Pratt St.
Baltimore 21202 Telephone: 333-4270

The Maryland Small Business Development Fi-
nancing Authority (MSBDFA) was created in
1978 (Chapter 879, Acts of 1978). To provide fi-
nancial assistance to minority businesses, the Au-
thority administers four distinct programs: Gov-
ernment Contract Financing, Long-Term
Guarantee, Equity Participation Investment, and
Surety Bond Guaranty Assistance.

Government Contract Financing Program. For
eligible firms with government contracts,
MSBDFA may guarantee a loan from a financial
institution or provide a direct loan for use as
working capital and equipment. These guarantees
or loans may be provided only if they are needed
to perform a contract on a project financed by
federal, State, or local government, or a utility
regulated by the Public Service Commission.

Long-Term Guarantee Program. For all eligible
firms MSBDFA may guarantee and pay an inter-
est rate subsidy on a long-term loan made by a fi-
nancial institution for working capital, acquisition
and related installation of machinery and equip-
ment, or necessary improvements to real property
owned in fee simple by the applicant.

Equity Participation Investment Program. For
all eligible firms MSBDFA may invest up to 45
percent or $100,000 (whichever is less) of the eq-
uity needed to start a franchise operation.
MSBDFA requires the initial investment to be re-
covered within five years.

Surety Bond Guaranty Assistance Program. For
all small businesses (all are eligible). This program
helps the small contractor secure bonding by
guaranteeing 90 percent of the losses that a surety
company may incur in the event of a breach of
contract.

MSBDFA programs are believed to be unique.
A major criterion for approval of MSBDFA guar-
antees and loans is the economic impact resulting
from the use of available funds. This impact is
measured according to the projected number of
jobs retained and created, and the projected
amount of tax revenue generated from the use of
these funds.

The Authority consists of seven members ap-
pointed to five-year terms by the Governor. The

Secretary of Economic and Employment Develop-
ment and either the State Treasurer or Comptrol-
ler, as designated by the Governor, serve ex officio
(Code Financial Institutions Article, sees. 13-201
through 13-234).

DAY CARE FACILITIES LOAN
GUARANTEE FUND

Joan Case, Director

World Trade Center, Suite 1423
401 E. Pratt St.
Baltimore 21202 Telephone: 333-4308

The Day Care Facilities Loan Guarantee Fund
was created in 1984 to assist small businesses in-
volved in providing day care. The agency guaran-
tees loans made by lending institutions to finance
the expansion or development of group or family
day care facilities for infants, children, the handi-
capped, and the elderly (Code 1957, Art. 41A,
sees. 6-201 through 6-213).

DIVISION OF TOURISM AND
PROMOTION

Vacancy, Assistant Secretary

45 Calvert St.
Annapolis 21401 Telephone: 974-2686
(Relocation to Baltimore planned Nov. 1987)

Tourism is a major industry in Maryland. Dur-
ing 1984, Maryland's 350th anniversary year,
tourism brought the State more than $3.8 billion
in revenue and created approximately 84,000 jobs.
Showcasing Maryland's unique recreational, his-
torical, and cultural attractions is the responsibili-
ty of the Division of Tourism and Promotion.

The Division's award-winning advertising ap-
pears in major newspapers and magazines
throughout the United States and eastern Canada,
as well as on radio in Maryland and nearby states.
Maryland Travel Scene , a monthly newsletter,
publicizes major events and keeps travel agents,
tour operators, writers, and the Maryland travel
industry informed about new attractions, services,
and facilities.

Division publications inform the travelling pub-
lic of Maryland's tourist attractions, accommoda-
tions, historic sites, State parks, camping facilities,
and recreational opportunities. Annually updated,
these publications include the Maryland Travel
Guide, the Maryland Outdoor Recreation Guide,