Maryland State Wire

Governor Wes Moore, along with legislative leaders, has signed "The Access to Banking Act," a significant piece of economic development legislation passed by the General Assembly in its recent session. This bill, designated as HB548, establishes the Maryland Community Investment Venture Fund. The primary aim of this fund is to create opportunities for banks and credit unions to better meet the needs of low- to moderate-income areas.

The Moore Administration has stated that this new law will positively impact small businesses in these regions by ensuring they have access to credit and investment capital.

For further inquiries, NFIB Maryland State Director Mike O’Halloran can be contacted.