Economic Development - Small, Minority, and Women-Owned Business Accounts - Management Fees (Small Business Increased Access to Capital Act)
Sponsor: Sarah Wolek (District 16)Committee: Economic MattersSubject: Economic DevelopmentStatus: Approved by the Governor - Chapter 391 (as of Sep 4, 2026)
What this bill does
Official synopsis
Authorizing the Department of Commerce to authorize an eligible fund manager to receive, use, and retain a certain management fee; and authorizing the Department to set an annual cap on the cumulative amount of certain management fees an eligible fund manager may receive.
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Testimony (13)
MGA witness listFAV 12FavorableUNF 1Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Gowan, Amy | Anne Arundel Economic Development Corporation | Oral + Written (PDF) |
| FAV | Medley, Dawn | FSC First | Oral + Written (PDF) |
| FAV | Jones, Jennifer | Howard County Economic Development Authority | Written (PDF) |
| FAV | Martinez, Del. Ashanti | MD Legislative Latino Caucus | Written (PDF) |
| FAV | Richards, Evanlobbyist | Maryland Bankers Association | Oral + Written (PDF) |
| FAV | Fish, Andy | Maryland Department of Commerce | Oral |
| FAV | LaHatte, Jennifer | Maryland Department of Commerce | Oral + Written (PDF) |
| FAV | Smoot, Timothy | Meridian Management Group, Inc. | Oral + Written (PDF) |
| FAV | Babb, CEcD, Laurie | Montgomery County Economic Development Corporation | Written (PDF) |
| FAV | Jones, Del. Dana | Women's Caucus | Written (PDF) |
| FAV | Delegate Wolek, Delegate Woleklegislator | Individual | Oral |
| FAV | Naylor, Andrew | Individual | Oral |
| UNF | Lang, Alan | Individual | Position only |
Organizations on record
FSC FirstFAV 1
Women's CaucusFAV 1