http://fbclittleton.org/aboutfbc/churchstaff.html
Maryland Economic Development Corporation (MEDCO), which functions under the provisionz ofTitle 10, Subtitle 1 of the Economic Developmentg Article, Annotated Code of Maryland 2008, is a body politicx and corporate and is constituted as a publicx instrumentality of the State of Maryland. The purpose of MEDCOk is to assist inthe expansion, modernization and retentionm of existing Maryland business and to attracf new business to the State. Businessez seeking to expand or relocatw into Maryland regularly turn to MEDCOi asa resource. MEDCO also assists, upon local jurisdiction projects. MEDCO borrows money and issues bonds for the purpose of providingffinancial assistance.
MEDCO structures its transactions ona non-recourse Neither the State of state agencies, nor MEDCO are responsiblde for the repayment of the bondds that are issued by MEDCO. MEDCOO is an eligible borrower and recipient of funds from the Maryland Department of Business andEconomic Development. MEDCO supportxs its operations from fee charges on its various projectsx and does not receive publivc funding forits MEDCO's projects seek to increasse productive employment in Maryland and expanx the State's economy and tax base. Sinc e fiscal year 1995, there has been a significant increasd inMEDCO business.
Assets have increased as shown:
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