reglab/statecodes huggingface dataset:
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 03 - COMMISSION ON HUMAN RELATIONS › Chapter 14.03.05 - Commercial Nondiscrimination Policy › Section 14.03.05.04 - Unlawful Practices Generally

Current through Register Vol. 51, No. 14, July 12, 2024
A.
				Commercial Discrimination Practices Prohibited.
(1) It is unlawful for a business entity that
				has entered into a contract with the State to discriminate in the solicitation,
				selection, hiring, or commercial treatment of vendors, suppliers,
				subcontractors, or commercial customers.
(2) A business entity may not discriminate on
				the basis of race, color, religion, ancestry, national origin, sex, age,
				marital status, sexual orientation, disability, or any other unlawful use of
				characteristics regarding the vendor's, supplier's, or commercial customer's
				employees or owners.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 03 - COMMISSION ON HUMAN RELATIONS › Chapter 14.03.05 - Commercial Nondiscrimination Policy › Section 14.03.05.05 - Commercial Discrimination or Retaliation Complaint-Filing

Current through Register Vol. 51, No. 14, July 12, 2024
A. Who May File.
				Any business entity who claims to have been aggrieved by an act or acts of
				unlawful commercial discrimination or retaliation prohibited by State Finance
				and Procurement Article, §§
									19-101
				-19-120, Annotated Code of Maryland, may file a complaint with the
				Commission.
B. Persons Against Whom
				Complaint May Be Filed. A complaint may be filed against any business entity
				that has entered into a contract with the State and is alleged to have engaged
				in commercial discrimination or retaliation as prohibited by State Finance and
				Procurement Article, §§
									19-101
				-19-120, Annotated Code of Maryland.
C. Manner of Filing.
(1) A complaint shall be filed at the offices
				of the Commission in person, by registered, certified, or regular mail,
				facsimile or other electronic media, or by delivery to any duly appointed
				representative of the Commission.
(2) Telephone Initiated Complaints.
(a) A complaint may be initiated by telephone
				to the Commission.
(b) If a
				complaint is issued by telephone:
(i) The
				Commission shall reduce information provided by telephone to writing on the
				prescribed complaint form; and
(ii)
				The Commission shall send the complaint form to the aggrieved person to be
				signed and affirmed as provided in §E of this regulation.
(c) A telephone initiated
				complaint is considered filed only upon receipt of the signed form or signed
				writing.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 03 - COMMISSION ON HUMAN RELATIONS › Chapter 14.03.05 - Commercial Nondiscrimination Policy › Section 14.03.05.06 - Commercial Discrimination or Retaliation Complaint-Processing

Current through Register Vol. 51, No. 14, July 12, 2024
A. Review and
				Authorization. After the filing of a complaint, the Executive Director or
				designee shall:
(1) Review the complaint to
				determine whether it should be issued for reasons of standing of the parties,
				timeliness of the filing, or other matters upon which its issuance may depend;
				and
(2) Do one of the following:
(a) If the complaint is acceptable, authorize
				an investigation by dating and signing the complaint; or
(b) If the complaint is unacceptable and not
				susceptible to amendment, reject the complaint and serve notice on the
				complainant stating the reasons for rejection.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 03 - COMMISSION ON HUMAN RELATIONS › Chapter 14.03.05 - Commercial Nondiscrimination Policy › Section 14.03.05.07 - Mediation Process

Current through Register Vol. 51, No. 14, July 12, 2024
A. Mediation.
(1) To promote a prompt and just resolution
				of a complaint, parties to a complaint are encouraged to enter into mediation
				to settle the complaint.
(2) Before
				the commencement of an investigation of a complaint, Commission staff shall
				review the complaint to determine whether mediation would be
				appropriate.
(3) The Commission
				shall provide each party with written notice of the opportunity to
				mediate.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 03 - COMMISSION ON HUMAN RELATIONS › Chapter 14.03.05 - Commercial Nondiscrimination Policy › Section 14.03.05.08 - Investigative Process

Current through Register Vol. 51, No. 14, July 12, 2024
A.
				Investigations.
(1) Upon the authorization of
				a complaint, the Executive Director or designee, within 30 days after the
				filing of the complaint, shall assign, or cause to be assigned, the
				investigation of the complaint to an investigative unit.
(2) Commission staff shall direct and conduct
				investigations in a manner consistent with State Government Article,
				§§
										20-207,
				20-1005, and
				20-1006, Annotated
				Code of Maryland.
(3) In
				determining whether to proceed further with an investigation and in making
				findings, the Commission staff may consider any evidence provided by the
				complainant or the respondent as to the following factors:
(a) Whether there was an intent to
				discriminate on the part of the respondent;
(b) Whether there was a pattern and practice
				of discrimination on the part of the respondent;
(c) Any actions taken by the respondent to
				remedy the alleged discrimination;
(d) The effectiveness of any prior attempts
				by the respondent to remedy the discrimination;
(e) Whether the respondent has procured goods
				or services from or otherwise engaged in business with persons or entities of
				the same protected class as the complainant to an extent sufficient to
				demonstrate that the respondent has not discriminated against that protected
				class in the overall context of its business; and
(f) Any other evidence considered relevant by
				the Commission.
(4) The
				Commission may request assignment of additional State personnel or outside
				consultants as may be reasonably necessary or appropriate to conduct an
				investigation.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 03 - COMMISSION ON HUMAN RELATIONS › Chapter 14.03.05 - Commercial Nondiscrimination Policy › Section 14.03.05.09 - Interrogatories - Default Procedure

Current through Register Vol. 51, No. 14, July 12, 2024
A.
				If, after a respondent has been served with duly authorized interrogatories
				together with a notice of the consequences of the failure to answer them, the
				respondent fails either to answer the interrogatories or to file a motion to
				strike or exceptions to the interrogatories within the time specified, the
				Executive Director or designee shall serve or cause to be served upon the
				respondent the following notice:
"Notice is hereby given that a complaint has been served upon
				  you alleging that you have violated State Finance and Procurement Article,
				  §§
										19-101
				  -19-120, Annotated Code of Maryland. Pursuant to this Commission's authority
				  under Title 20 of the State Government Article, Annotated Code of Maryland,
				  interrogatories have been served upon you. These interrogatories have not been
				  answered. Your failure to answer fully the interrogatories under oath within 5
				  days after receipt of this notice may result in the entry of a default in the
				  matter of this complaint. This default order may include the following
				  sanctions:
(1) An admission that the
				interrogatories, if answered, would have established facts consistent with the
				claim of the complainant; and
(2) A
				waiver of your right to have this Commission conduct further investigation,
				find whether there is probable cause, make conciliation efforts, or hold a
				hearing allowing the presentation of any and all defenses to the complaint
				which you might have otherwise raised."
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 03 - COMMISSION ON HUMAN RELATIONS › Chapter 14.03.05 - Commercial Nondiscrimination Policy › Section 14.03.05.10 - Completion of Investigation

Current through Register Vol. 51, No. 14, July 12, 2024
A.
				Written Findings.
(1) The Commission shall
				set forth the results of its investigation in a written report entitled
				"written findings" which shall chronicle the facts found to exist and the
				conclusions drawn.
(2) The
				Commission staff shall make an initial finding of each allegation stated in the
				complaint, to include a finding of:
(a)
				Probable cause;
(b) No probable
				cause;
(c) False or
				frivolous;
(d) Settled;
				or
(e) Withdrawn.
(3) Except as provided in
				§A(4) of this regulation, the Commission shall make the initial findings
				and issue recommendations for appropriate action within 120 calendar days of
				the receipt of the complaint.
(4)
				The Commission may extend the time limit set forth in §A(3) of this
				regulation if:
(a) Good cause exists;
				or
(b) The parties agree to mediate
				a settlement to the complaint.
(5) The Commission shall serve written
				findings on all parties to the complaint.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 03 - COMMISSION ON HUMAN RELATIONS › Chapter 14.03.05 - Commercial Nondiscrimination Policy › Section 14.03.05.11 - Conciliation Process

Current through Register Vol. 51, No. 14, July 12, 2024
A. Upon a
				written finding of probable cause, the Commission, the complainant, and the
				respondent shall enter the conciliation process.
B. Written notice of the opportunity to
				conciliate shall be provided to the parties.
C. Termination of Conciliation
				Efforts-Respondent's Actions.
(1) The
				Commission may terminate its efforts to conciliate if a respondent fails or
				refuses to:
(a) Confer with Commission staff;
				or
(b) Negotiate in good faith to
				resolve the dispute.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 03 - COMMISSION ON HUMAN RELATIONS › Chapter 14.03.05 - Commercial Nondiscrimination Policy › Section 14.03.05.12 - Request for Contested Case Hearing

Current through Register Vol. 51, No. 14, July 12, 2024
A. Who May Request. A request to submit a
				matter to an administrative hearing as a contested case hearing under this
				chapter may be made by a:
(1) Respondent upon
				a Commission determination of probable cause for one or more of the allegations
				stated in the complaint against the respondent, and the failure of timely
				conciliation; or
(2) Complainant if
				the Commission determines that one or more allegations contained in the
				complaint were knowingly false or frivolous when made.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 03 - COMMISSION ON HUMAN RELATIONS › Chapter 14.03.05 - Commercial Nondiscrimination Policy › Section 14.03.05.13 - Certification for Hearing and Preliminary Proceedings

Current through Register Vol. 51, No. 14, July 12, 2024
A. Certification of File.
(1) Upon receipt of a request for a contested
				case hearing, the Executive Director or designee shall certify the case for
				public hearing.
(2) An entry
				identifying this case shall be logged in the Commission's official docket book,
				which shall be maintained by the Executive Director for cases pending public
				hearing.
(3) The Executive Director
				or designee shall forward the certified file to the Commission's General
				Counsel for further processing.
(4)
				The General Counsel, on review of a file so certified, may remand the case to
				the Executive Director or designee for:
(a)
				Further investigation and, in this case, shall state clearly the issues
				requiring further investigative proceedings; or
(b) Review of the findings and, in this case,
				shall state clearly the reason for the review.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 03 - COMMISSION ON HUMAN RELATIONS › Chapter 14.03.05 - Commercial Nondiscrimination Policy › Section 14.03.05.14 - Administrative Hearing Proceedings

Current through Register Vol. 51, No. 14, July 12, 2024
A.
				General Information.
(1) Scope. This
				regulation applies only to an administrative law judge adjudication of a
				request for a contested case hearing filed in accordance with Regulation .12 of
				this chapter pursuant to State Finance and Procurement Article, §
										19-109,
				Annotated Code of Maryland.
(2)
				Venue. The Commission may designate the venue for the contested case hearing,
				taking into consideration the convenience of the parties and the location of
				the evidence.
(3) Burden of Proof.
				The Commission shall bear the burden of proof by a preponderance of the
				evidence.
(4) The Office of
				Administrative Hearings shall conduct a contested case hearing in accordance
				with its rules of procedure under COMAR 28.02.01.
(5) Time Computation.
(a) Time computations under this regulation
				shall be in accordance with Article 1, § 36, Annotated Code of
				Maryland.
(b) Except for time
				periods required by statute, the administrative law judge may enlarge or reduce
				any time period required under this regulation when necessary to avoid
				prejudicing the public interest or the rights of the parties.
(c) In computing any time period involved,
				the date of issuance of an order or decision by an administrative law judge is
				the date the order or decision is served by the Office of Administrative
				Hearings.
(d) A document is not
				filed until received by the Office of Administrative Hearings.
(6) Service and Filing.
(a) Service of a document under this
				regulation shall be in accordance with COMAR
				28.02.01.24E.
(b) A copy of all filed documents
				shall be served on all parties of record.
(c) All filed documents shall clearly state:
(i) The docket number, if any;
(ii) The title of the proceeding;
				and
(iii) Certificate of
				service.
(d) A party
				shall file all documents with the Office of Administrative Hearings.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 03 - COMMISSION ON HUMAN RELATIONS › Chapter 14.03.05 - Commercial Nondiscrimination Policy › Section 14.03.05.15 - Administrative Decisions and Orders

Current through Register Vol. 51, No. 14, July 12, 2024
A.
				Decision of Administrative Law Judge.
(1) In
				General.
(a) At the conclusion of the
				contested case hearing, the administrative law judge shall issue a written
				decision and order including findings of fact and conclusions of law upon each
				material issue of fact and law presented on record.
(b) A decision and order of the
				administrative law judge shall be in accordance with COMAR
				28.02.01.22C.
(c) The written decision may:
(i) Affirm or reject all or part of the
				statement of charges; or
(ii)
				Substitute different findings and recommend appropriate remedies.
(d) The administrative law judge
				shall base the decision solely on a preponderance of the evidence contained in
				the record of the contested case hearing and shall reflect the evidentiary
				basis for its findings.
(e) An
				administrative law judge may consider any evidence regarding the factors
				described in Regulation .08A(3) of this chapter when determining whether to
				sustain an allegation presented in a statement of charges.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 03 - COMMISSION ON HUMAN RELATIONS › Chapter 14.03.05 - Commercial Nondiscrimination Policy › Section 14.03.05.16 - Judicial Review and Enforcement of Final Decision and Order

Current through Register Vol. 51, No. 14, July 12, 2024
A. Judicial Review
				of Final Decision and Order. Any party who, after having exhausted all
				administrative remedies available, is aggrieved by a final decision of the
				Commission or the administrative law judge issued under this chapter may seek
				judicial review pursuant to State Government Article, §
									10-222, Annotated
				Code of Maryland.
B. Enforcement of
				Final Decision and Order. Following the issuance of a final decision and order
				under this chapter, the Commission's General Counsel may petition the
				appropriate circuit court for the enforcement of the final decision and order
				and for appropriate temporary relief or restraining order in accordance with
				State Government Article, §
									20-1011, Annotated
				Code of Maryland.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 03 - COMMISSION ON HUMAN RELATIONS › Chapter 14.03.05 - Commercial Nondiscrimination Policy › Section 14.03.05.17 - Required Language in State Contracts

Current through Register Vol. 51, No. 14, July 12, 2024
Every contract that the State enters into shall contain the
				  commercial nondiscrimination policy clause, as written in State Finance and
				  Procurement Article, §
									19-116,
				  Annotated Code of Maryland.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 03 - COMMISSION ON HUMAN RELATIONS › Chapter 14.03.05 - Commercial Nondiscrimination Policy › Section 14.03.05.18 - Public Information Act Requests

Current through Register Vol. 51, No. 14, July 12, 2024
A. General.
(1) This regulation sets out the procedures
				for filing requests with the Maryland Commission on Human Relations for the
				inspection and copying of records under the Public Information Act, State
				Government Article, §§
										10-611 -10-630,
				Annotated Code of Maryland.
(2) It
				is the policy of the Commission to facilitate public access to records of the
				Commission, if that access is allowed by law, by minimizing costs and time
				delays to persons requesting information.
(3) It is the policy of the Commission to
				safeguard and preserve the confidentiality of investigations of complaints made
				under State Finance and Procurement Article, §§
										19-101
				-19-120, Annotated Code of Maryland, by restricting access to records when
				access is prohibited or restricted by law.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 03 - COMMISSION ON HUMAN RELATIONS › Chapter 14.03.05 - Commercial Nondiscrimination Policy › Section 14.03.05.19 - Application and Processing of Public Information Act Requests

Current through Register Vol. 51, No. 14, July 12, 2024
A. Applications.
(1) A person or governmental unit that wishes
				to inspect a public record shall submit a written application to the
				custodian.
(2) If the individual to
				whom the application is submitted is not the custodian of the record, within 10
				working days after receiving the application, the individual shall give the
				applicant notice of that fact and, if known, shall provide the name of the
				custodian and the location or possible location of the public record.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 03 - COMMISSION ON HUMAN RELATIONS › Chapter 14.03.05 - Commercial Nondiscrimination Policy › Section 14.03.05.20 - Review of the Denial of Public Information Act Requests

Current through Register Vol. 51, No. 14, July 12, 2024
A. Request for Review.
(1) If a written application is denied by the
				custodian for a reason other than the record is temporarily unavailable, the
				applicant may, within 30 days after receipt of the notice of the denial,
				request administrative review of the denial, as described in §A(2) of this
				regulation.
(2) An applicant shall
				request administrative review of denial of application for information by
				filing a written request within 30 days of the denial with the Chairperson of
				the Commission on Human Relations.
(3) In the written request for review, the
				applicant shall:
(a) State their
				name;
(b) Sign the
				request;
(c) Identify, by brief
				description, the record sought; and
(d) Include a copy of the writing from the
				custodian denying the request.
(4) The chairperson shall issue the final
				decision of the Commission within 60 days of the request for review, unless the
				applicant requests a hearing as described in §A(5) of this
				regulation.
(5) Request for
				Administrative Hearing.
(a) If the applicant
				requests a hearing, the hearing shall be conducted by an administrative law
				judge designated by the chairperson.
(b) The hearing shall be governed by the
				Commission's rules of procedure pursuant to COMAR
				14.03.01.11G.
(c) After the hearing, the
				administrative law judge shall prepare a recommended decision for the
				chairperson.
(d) The chairperson
				shall issue the final decision of the Commission within 60 days of the date of
				the hearing.
(6) Request
				for Judicial Enforcement. If the applicant chooses not to request
				administrative review under §A(1) of this regulation, the applicant may
				file an action for judicial enforcement under State Government Article,
				§10-623, Annotated Code of Maryland, without exhausting that
				administrative remedy, as provided by State Government Article,
				§§10-622 and 10-623, Annotated Code of Maryland.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.02 - Investment Programs › Section 14.04.02.01 - Purpose

Current through Register Vol. 51, No. 14, July 12, 2024
Except as otherwise provided in this subtitle, these
				  regulations prescribe the policies and procedures applicable to all TEDCO
				  investment programs.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.02 - Investment Programs › Section 14.04.02.02 - Objective

Current through Register Vol. 51, No. 14, July 12, 2024
The objective of TEDCO's investment programs is to foster the
				  growth of early-stage technology-based businesses in the
				  State.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.02 - Investment Programs › Section 14.04.02.03 - Investment Philosophy and Types of Qualified Business

Current through Register Vol. 51, No. 14, July 12, 2024
TEDCO seeks and makes investments that align the objectives
				  of economic development in the State and return on investment. The balance of
				  these objectives varies from investment program to investment program. Except
				  for follow-on investments and for all investments and for all investments under
				  COMAR 14.04.09, TEDCO's investments are limited to early-stage technology-based
				  businesses.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.02 - Investment Programs › Section 14.04.02.04 - Eligibility

Current through Register Vol. 51, No. 14, July 12, 2024
A. Eligibility
				Criteria. Except as provided in §C of this regulation, TEDCO may invest in
				an applicant if TEDCO determines the applicant meets all of the following
				criteria:
(1) The applicant is a
				technology-based business;
(2)
				Except for applicants applying for investment under COMAR 14.04.09, over half
				of the applicant's workforce works at and from a physical location in the
				State;
(3) An applicant's principal
				business operations are conducted from a physical location in the
				State;
(4) The applicant agrees to
				execute a securities repurchase agreement or an equivalent commitment, each
				with a duration of five years, subject to the terms determined by TEDCO and in
				the form approved by the Office of the Attorney General;
(5) The applicant agrees to use the
				investment primarily to:
(a) Support business
				operations in the State; or
(b) In
				the case of a start-up business, establish and support business operations in
				the State;
(6) The
				applicant employs not more than 250 employees;
(7) The applicant is not primarily engaged in
				retail sales, real estate development, insurance, banking, or
				lending;
(8) The applicant is not
				primarily engaged in the provision of professional services by accountants,
				attorneys, or physicians; and
(9)
				Other eligibility criteria for each investment program under COMAR 14.04.03-.06
				and .09;
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.02 - Investment Programs › Section 14.04.02.05 - Procedures and Guidelines for Investment Decisions

Current through Register Vol. 51, No. 14, July 12, 2024
A. In General.
				In its sole discretion, TEDCO shall select eligible applicants for investment
				based on a written application and investment diligence. Each investment
				program shall have a separate application, application process, and submission
				deadlines.
B. Application Process.
(1) In General. TEDCO shall make available to
				the public on or through its website:
(a) An
				application process for each investment program; and
(b) Deadlines, if any, to submit applications
				to an investment program.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.02 - Investment Programs › Section 14.04.02.06 - Amount of Money Available for Investment

Current through Register Vol. 51, No. 14, July 12, 2024
A. In General.
				The amount of money available for investment shall vary from investment program
				to investment program.
B. Amount
				for Each Investment Program.
(1) Pre-Seed
				Builder Fund and Inclusion Fund. TEDCO may make an investment of up to $500,000
				in each business selected for participation in the Pre-Seed Builder Fund or the
				Inclusion Fund.
(2) Rural Business
				Innovation Initiative Program. TEDCO may invest up to $25,000 per
				investment.
(3) Seed Funds. TEDCO
				may invest:
(a) For Cybersecurity Investment
				Fund and Technology Commercialization Fund, up to $500,000 per
				investment;
(b) For the Life
				Science Investment Fund, up to $500,000 per investment; and
(c) For the GAP Fund, up to $750,000 per
				investment.
(4) Maryland
				Venture Fund. TEDCO may invest $250,000 to $1,500,000 per investment.
(5) Maryland Equity Investment Fund. TEDCO
				may invest up to $2,000,000 per investment.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.02 - Investment Programs › Section 14.04.02.07 - Inclusive and Diverse Entrepreneurs/tip-All Investment Programs

Current through Register Vol. 51, No. 14, July 12, 2024
In order to foster inclusive and diverse entrepreneurship and
				  innovation throughout the State, including initiatives to raise awareness of
				  investment programs to assist small minority and women-owned businesses, TEDCO
				  shall:
A. Establish bench-marks for
				diversity and inclusion for each investment program;
B. Provide in the application process an
				opportunity for applicants to self-identify economic disadvantage;
C. Consider historical data on investments in
				comparison to the bench-marks; and
D. Develop outreach marketing targeted to
				economically disadvantaged groups in the State.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.02 - Investment Programs › Section 14.04.02.08 - Nondiscrimination

Current through Register Vol. 51, No. 14, July 12, 2024
An applicant shall comply with all applicable federal, State,
				  and local laws regarding discrimination and equal opportunity in
				  employment.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.02 - Investment Programs › Section 14.04.02.09 - Investment Program Administration

Current through Register Vol. 51, No. 14, July 12, 2024
An action or decision required or permitted to be taken or
				  made by TEDCO under the Act or these regulations, including execution of equity
				  financing documents, may be taken by the Chief Executive Officer or Chief
				  Executive Officer's designee.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.03 - Pre-Seed Builder Fund and Inclusion Fund › Section 14.04.03.01 - Purpose

Current through Register Vol. 51, No. 14, July 12, 2024
These regulations prescribe the objectives and investment
				  policy of the Pre-Seed Builder Fund and the Inclusion Fund, the standards for
				  qualification and investment criteria for participation in the Pre-Seed Builder
				  Fund and the Inclusion Fund, and procedures and guidelines for TEDCO's
				  selection of businesses to receive Pre-Seed Builder Fund and Inclusion Fund
				  investment.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.03 - Pre-Seed Builder Fund and Inclusion Fund › Section 14.04.03.02 - Objective

Current through Register Vol. 51, No. 14, July 12, 2024
The objective of the Pre-Seed Builder Fund is to make
				  pre-seed investments in and to support the development of technology-based
				  start-up businesses owned and managed by individuals who demonstrate economic
				  disadvantage. The objective of the Inclusion Fund is to make investments in
				  technology-based businesses that have grown since their pre-seed stage and are
				  owned and managed by individuals who demonstrate economic
				  disadvantage.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.03 - Pre-Seed Builder Fund and Inclusion Fund › Section 14.04.03.03 - Definitions

Current through Register Vol. 51, No. 14, July 12, 2024
A. In this chapter,
				the following terms have the meanings indicated.
B. Terms Defined.
(1) "Executive support" includes assistance
				in and support for management and implementation, planning, tracking and
				analysis, networking support, mentoring, coaching, advisory, facilitation,
				instruction or observation and feedback provided to a business.
(2) "Inclusion Fund" means the program
				established by §§ 10-481-10 -483 of the Act.
(3) "Pre-Seed Builder Fund" means the program
				established by § 10-486 of the Act.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.03 - Pre-Seed Builder Fund and Inclusion Fund › Section 14.04.03.04 - Investment Philosophy and Types of Qualified Businesses

Current through Register Vol. 51, No. 14, July 12, 2024
The Pre-Seed Builder Fund and Inclusion Fund each identify
				  investment opportunities in businesses that are often overlooked by traditional
				  sources of investment and financing because of economic disadvantage and seek
				  to invest in early-stage technology-based businesses that have the potential,
				  with the Pre-Seed Builder Fund investment, the Inclusion Fund investment, or
				  other TEDCO services, to create jobs in the State and become attractive targets
				  for follow-on financing or investment.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.03 - Pre-Seed Builder Fund and Inclusion Fund › Section 14.04.03.05 - Eligibility

Current through Register Vol. 51, No. 14, July 12, 2024
A. In General.
				TEDCO shall be satisfied that the applicant meets the eligibility requirements
				set forth in COMAR
				14.04.02.04.
B. Eligibility Requirements Specific to
				Pre-Seed Builder Fund. In addition to the requirements set forth in COMAR
				14.04.02.04, TEDCO shall be satisfied that:
(1) At the time of TEDCO's investment, at
				least one owner or executive manager who has demonstrated economic disadvantage
				works at the applicant full-time;
(2) At the time of TEDCO's investment, at
				least 50 percent of the applicant is owned by one or more individuals who have
				demonstrated economic disadvantage; and
(3) If required by TEDCO, the founders,
				owners, managers, or officers agree to receive executive support.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.03 - Pre-Seed Builder Fund and Inclusion Fund › Section 14.04.03.06 - Procedures and Guidelines for Investment Decisions

Current through Register Vol. 51, No. 14, July 12, 2024
A. In General. Except as provided in
				§§B and C of this regulation, TEDCO shall select businesses for
				investment by the Pre-Seed Builder Fund or the Inclusion Fund in accordance
				with the application process as set forth in COMAR 14.04.02.
B. Investment Criteria.
(1) In addition to the investment criteria
				described in COMAR
				14.04.02.05, the following
				investment criteria shall form the basis of TEDCO's determination of the
				applicant's potential to attract subsequent financing or investment after
				participating in the Pre-Seed Builder Fund or the Inclusion Fund and to create
				jobs in the State:
(a) Whether the applicant
				has or does not have available to it other means of financing; and
(b) Whether the applicant has secured,
				through verifiable documentation:
(i)
				Expressions of interest in providing financing to the applicant from sources of
				institutional venture investment or other financing sources, based on specified
				milestones; or
(ii) Network
				opportunities, including introductions to customers, employees, and
				partners.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.04 - Rural Business In novation Initiative › Section 14.04.04.01 - Purpose

Current through Register Vol. 51, No. 14, July 12, 2024
These regulations prescribe the objectives and investment
				  policy of the RBII Fund, the standards for qualification and investment
				  criteria for a business to receive investment from the RBII Program, and
				  procedures and guidelines for TEDCO 's selection of businesses to receive
				  investment from the RBII Fund.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.04 - Rural Business In novation Initiative › Section 14.04.04.02 - Objective

Current through Register Vol. 51, No. 14, July 12, 2024
The objective of the RBII Fund is to make pre-seed
				  investments in technology-based businesses that maintain principal business
				  operations in rural areas or rural communities.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.04 - Rural Business In novation Initiative › Section 14.04.04.03 - Definitions

Current through Register Vol. 51, No. 14, July 12, 2024
A. In this chapter,
				the following terms have the meanings indicated.
B. Terms Defined.
(1) "RBII Fund" is part of the RBII Program
				through which TEDCO provides pre-seed investments to small or early-stage
				technology-based businesses in rural areas or rural communities.
(2) "RBII Program" means the Rural Business
				Innovation Initiative Program through which TEDCO provides pre-seed investment,
				technical and business assistance, mentoring services, and operational support
				to small or early-stage technology-based businesses in rural areas or rural
				communities.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.04 - Rural Business In novation Initiative › Section 14.04.04.04 - Investment Philosophy and Types of Qualified Businesses

Current through Register Vol. 51, No. 14, July 12, 2024
The RBII Fund identifies pre-seed investment opportunities in
				  small or early-stage technology-based businesses in rural areas and rural
				  communities that are often overlooked by traditional sources of pre-seed
				  investment because of the location of the businesses' principal business
				  operations in a rural area or a rural community. The RBII Fund seeks to make
				  investments that TEDCO determines have the potential to enable the business to
				  advance to the next-stage of venture investment and to become an attractive
				  applicant for other TEDCO investment programs not less than 12 to 24 months
				  after investment by the RBII Fund.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.04 - Rural Business In novation Initiative › Section 14.04.04.05 - Eligibility

Current through Register Vol. 51, No. 14, July 12, 2024
A. In General.
				TEDCO shall be satisfied that the applicant meets the eligibility requirements
				set forth in COMAR
				14.04.02.04.
B. Location and Other Requirements. In
				addition to the requirements set forth in COMAR 14.04.02.04, TEDCO shall be
				satisfied that:
(1) The applicant's principal
				business operations are located in a rural area or a rural community;
				and
(2) At the time of the
				application, the applicant has received mentoring services from the RBII
				Program for a period of not less than 90 days.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.04 - Rural Business In novation Initiative › Section 14.04.04.06 - Procedures and Guidelines for Investment Decisions

Current through Register Vol. 51, No. 14, July 12, 2024
A. In General. TEDCO shall select a business
				for investment from the RBII Program in accordance with the application process
				set forth in COMAR 14.04.02.
B.
				Investment Criteria. In addition to the investment criteria described in COMAR
				14.04.02.05, TEDCO shall consider
				the following investment criteria:
(1)
				Whether the applicant has previously received a grant from the RBII Program;
				and
(2) Whether the applicant has
				the potential to grow and to receive an investment from other TEDCO investment
				programs not less than 12 to 24 months after receipt of RBII Fund investment
				proceeds.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.05 - Seed Funds › Section 14.04.05.01 - Purpose

Current through Register Vol. 51, No. 14, July 12, 2024
These regulations prescribe the objectives and investment
				  policy of the Seed Funds, the eligibility requirements and criteria for
				  investment by the Seed Funds, and procedures and guidelines for TEDCO 's
				  investment in early-stage businesses.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.05 - Seed Funds › Section 14.04.05.02 - Objective

Current through Register Vol. 51, No. 14, July 12, 2024
Through Seed Funds investment, TEDCO seeks to strengthen and
				  grow early-stage technology-based businesses with the goal of creating a
				  State-wide environment that encourages and supports emerging businesses and
				  maximizes economic impact in the State.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.05 - Seed Funds › Section 14.04.05.03 - Definitions

Current through Register Vol. 51, No. 14, July 12, 2024
A. In this chapter,
				the following terms have the meanings indicated.
B. Terms Defined.
(1) "Cybersecurity Investment Fund" means the
				investment program established by § 10-464 of the Act.
(2) "GAP Fund" means the investment program
				established in accordance with the Act to make investments in businesses
				between seed-stage and venture investment.
(3) "Life Science Investment Fund" means the
				investment program established in accordance with the Act to make investments
				in businesses that develop products for commercialization which address human
				health and require approval from the United States Food and Drug
				Administration.
(4) "Seed Funds"
				means the Life Science Investment Fund, the Cybersecurity Investment Fund, the
				Technology Commercialization Fund, and the GAP Fund.
(5) "Technology Commercialization Fund" means
				the investment program established in accordance with the Act to make
				investments in businesses that develop and commercialize new technology-based
				products in oilfields of technology.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.05 - Seed Funds › Section 14.04.05.04 - Investment Philosophy and Types of Qualified Businesses

Current through Register Vol. 51, No. 14, July 12, 2024
TEDCO seeks investment opportunities in early-stage
				  technology-based businesses with demonstrable potential to secure next-stage
				  investment and grow with a positive economic impact in the
				  State.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.05 - Seed Funds › Section 14.04.05.05 - Eligibility

Current through Register Vol. 51, No. 14, July 12, 2024
A. In General.
				TEDCO shall be satisfied that the applicant meets the requirements under COMAR
				14.04.02.04.I n addition to the
				requirements set forth in COMAR 14.04.02.04, TEDCO shall be satisfied that the
				business is based on the validation of a minimum viable product or, in the case
				of life sciences, proof of concept data with validation from in vitro or in
				vivo models or patient samples.
B.
				Eligibility for Specific Seed Funds.
(1) For
				Technology Commercialization Fund investments, at the time of the application
				and initial investment, the business:
(a) Has
				raised not more than $10,000,000 of dilutive funding, not including the
				investment; and
(b) Employs not
				more than 30 employees.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.05 - Seed Funds › Section 14.04.05.06 - Investment Criteria

Current through Register Vol. 51, No. 14, July 12, 2024
In addition to the investment criteria set forth in COMAR
				  14.04.02.05, TEDCO shall consider
				  whether:
A. The market opportunity is
				appropriate for a seed-stage investment;
B. The applicant has the potential to secure
				institutional venture capital from other investors; and
C. The management team has the skills and
				ability to effectively secure an institutional venture investment.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.05 - Seed Funds › Section 14.04.05.07 - Procedures and Guidelines for Investment Decisions

Current through Register Vol. 51, No. 14, July 12, 2024
A. In General. Except as provided in §B
				and §C of this regulation, TEDCO shall select businesses for investment by
				the Seed Funds in accordance with the application process set forth in COMAR
				14.04.02.
B. Reapplication after
				Initial Rejection. If TEDCO rejects a business for investment by the Seed Funds
				after the business submits a first application to TEDCO, the business may
				re-apply to TEDCO upon the later of:
(1) 90
				days after the date on which TEDCO issues a written rejection to the business;
				or
(2) The business's consultation
				with TEDCO's advisory services, if required by TEDCO, and satisfaction of any
				recommendations by TEDCO.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.06 - Maryland Venture Fund › Section 14.04.06.01 - Purpose

Current through Register Vol. 51, No. 14, July 12, 2024
These regulations prescribe the objectives and investment
				  policy of the Maryland Venture Fund, and the eligibility requirements,
				  criteria, procedures and guidelines for investment by the Maryland Venture
				  Fund.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.06 - Maryland Venture Fund › Section 14.04.06.02 - Objective

Current through Register Vol. 51, No. 14, July 12, 2024
Through the Maryland Venture Fund, TEDCO seeks to support the
				  State's innovation and entrepreneurship environment by investing in
				  opportunities that will have the potential to:
A. Generate financial returns to sustain the
				investment programs that constitute the Maryland Venture Fund; and
B. Foster economic growth throughout the
				State.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.06 - Maryland Venture Fund › Section 14.04.06.03 - Definitions

Current through Register Vol. 51, No. 14, July 12, 2024
A. In this
				chapter, the following terms have the meanings indicated.
B. Terms Defined.
(1) "Enterprise Fund" means the investment
				program established by §10-469 of the Act.
(2) "Invest Maryland Program" means the
				investment program established under §§10-4A-01 -10-4A-28 of the
				Act.
(3) "Maryland Venture Fund"
				means the Enterprise Fund and the Invest Maryland Program
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.06 - Maryland Venture Fund › Section 14.04.06.04 - Investment Philosophy and Types of Qualified Businesses

Current through Register Vol. 51, No. 14, July 12, 2024
TEDCO seeks to invest in businesses that have demonstrated
				  financial success and continued growth potential appropriate for subsequent
				  venture investments.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.06 - Maryland Venture Fund › Section 14.04.06.05 - Eligibility

Current through Register Vol. 51, No. 14, July 12, 2024
TEDCO shall be satisfied that the applicant meets the
				  requirements under COMAR 14.04.02.04.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.06 - Maryland Venture Fund › Section 14.04.06.06 - Investment Criteria

Current through Register Vol. 51, No. 14, July 12, 2024
A. In
				General. In addition to the investment criteria set forth in
				14.04.02.05, TEDCO shall consider
				the following investment criteria:
(1)
				Whether the market opportunity is appropriate for venture-stage
				investment;
(2) Whether the
				applicant, at the time it submits an application to TEDCO, is raising a minimum
				investment round of $2 million;
(3)
				Except for life sciences businesses, whether the applicant's quarterly revenues
				equal or exceed $250,000;
(4)
				Whether the investment has the potential to generate returns of two times the
				amount of TEDCO's invested capital not more than 8 years from the date of the
				investment;
(5) Whether the
				applicant presents a plausible exit strategy for investors;
(6) Whether the applicant can provide access
				to or information about its partners and customers;
(7) Whether the management team has the
				skills and ability to effectively secure an institutional venture investment or
				effectuate a successful exit for investors;
(8) Whether the applicant has the potential
				to secure institutional venture capital from other investors concurrent with
				Maryland Venture Fund; and
(9)
				Except for life science businesses, whether the applicant's annual growth rate
				equals or exceeds 20 percent.
Code of Maryland Regulations › Title 14 - INDEPENDENT AGENCIES › Subtitle 04 - MARYLAND TECHNOLOGY DEVELOPMENT CORPORATION › Chapter 14.04.06 - Maryland Venture Fund › Section 14.04.06.07 - Procedures and Guidelines for Investment Decisions

Current through Register Vol. 51, No. 14, July 12, 2024
A. In General.
				Except as provided in §B and §C of this regulation, TEDCO shall
				select businesses for investment by Maryland Venture Fund in accordance with
				the application process set forth in COMAR 14.04.02.
B. Enterprise Fund. For Enterprise Fund
				investments:
(1) TEDCO may not acquire an
				ownership interest in a business that exceeds 25 percent of the business;
				and
(2) Within 15 years of making
				the investment, TEDCO shall divest itself of the
				investment.