Skip to content

Governor Signs Economic Development Legislation

Governor Signs Economic Development Legislation

May 17, 2023

“The Access to Banking Act” aimed at helping Small Businesses

Governor Signs Economic Development Legislation

Governor Wes Moore and legislative leaders enacted “The Access to Banking Act,” passed by the General Assembly this past session. The bill, HB548, creates the Maryland Community Investment Venture Fund. The purpose of the Fund is to develop opportunities for banks and credit unions to better serve the needs of low- to moderate-income tracts. According to the Moore Administration, the law will have a positive impact on small businesses in these tracts by ensuring the availability of credit and investment capital. For questions, please reach out to NFIB Maryland State Director Mike O’Halloran.
Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

February 5, 2025
Maryland Small Businesses Discouraged by Gov. Moore’s Propose…
NFIB responds to Gov. Wes Moore’s State of the State address.
Read More
February 3, 2025
Vermont Capitol Update
In his budget address and other public comments, Governor Phil Scott called…
Read More
February 3, 2025
NY Capitol Update: 2025 Executive Budget Proposal
The state has estimated budget gaps of $6.5 billion in 2027, $9.8 billion i…
Read More
February 3, 2025
TAKE ACTION: Maryland General Assembly Announces Legislation to…
The legislation raises the minimum wage to $20 through a ballot measure.
Read More

© 2001 - 2025 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility