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Advantage Maryland (MEDAAF) is a grant from Maryland Department of Commerce that provides flexible financing to support significant economic development initiatives across the state.
Offered through the Maryland Economic Development Assistance Authority and Fund, the program delivers conditional grants, loans, and investments via five distinct financing capabilities, including strategic and local economic development opportunities, direct assistance to jurisdictions, and regional revolving loan funds.
Eligible industry sectors include aerospace, biotechnology, cybersecurity, renewable energy, distribution, and businesses with U.S. or regional headquarters in Maryland. Projects must include a County Resolution and fall within Priority Funding Areas. MEDAAF is a powerful tool for businesses and local governments pursuing large-scale economic growth and job creation in Maryland.
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Maryland Business Funding | MEDAAF | Maryland Department of Commerce Turn on more accessible mode Turn off more accessible mode Our Alert Agency Alert will go here Advantage Maryland (MEDAAF) programs-for-businesses > Maryland-Economic-Development-Assistance-Authority-and-Fund-(MEDAAF) MIDFA/MEDAAF Authority page Advantage Maryland (MEDAAF) Five financing capabilities are offered through Advantage Maryland with assistance being provided to the business community and political jurisdictions.
Strategic Economic Development Opportunities Local Economic Development Opportunities Direct Assistance to Local jurisdictions or MEDCO Regional or Local Revolving Loan Fund Projects must include a County Resolution and support significant economic development initiatives to include: Business attraction and retention Local revolving loan funds Eligible industry sectors Eligible industry sectors (as of 12/2022)* Aerospace Aeronautics, Unmanned Aerial Systems (UAS) Agriculture, Forestry, Resource Based Industries Biotechnology, Health Care Technology, Pharmaceuticals Businesses with U.S. or regional headquarters in Maryland Distribution, Warehousing, Transportation, Logistics Environmental Technology, Renewable Energy, Energy Production Technology and Cybersecurity *As found in Section 5-321 (a) of the Economic Development Article, after consulting with the Department of Labor, each year the Maryland Economic Development Commission evaluates the potential employment and economic growth of Maryland’s industry sectors; and recommends eligible industry sectors to the MEDAAF Authority.
Visit the MIDFA/MEDAAF Authority page for information abou t bo ard members, meetings and meetings minutes. For more information about Advantage Maryland contact the business development representative in your region. Contact information for representatives can be found here .
Electronic Funds Transfer (EFT) Program The state of Maryland requires all contractors to be registered to receive state payments by electronic funds transfer (EFT) before any contract exceeding $200,000 is approved by the Maryland Board of Public Works. Additionally, all vendors are encouraged to register to be paid electronically.
The State has the ability to process vendor payments electronically using the CCD and CCD+ and CTX payment formats. The CCD+ payment format will contain summarized information and will not provide details concerning each invoice amount included in the check total. However, vendors may obtain the detailed information on an electronic payment via the One Stop Vendor Payment Inquiry System.
The CTX payment format will contain the total payment amount and details concerning each invoice amount included in the check total. Vendors must contact their bank in order to receive the CTX format, and the depositing bank may charge a fee for this format. Vendors need to discuss potential charges with their bank.
If you want to receive all payments from the State using the Electronic Funds Transfer program, complete and submit form GADX-10 (fax or mail). General Accounting Division
Based on current listing details, eligibility includes: Businesses, political jurisdictions, and other entities for projects within Priority Funding Areas and eligible industry sectors including biotech, manufacturing, cybersecurity, and more. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Funding amounts vary based on project scope and sponsor guidance. Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.