summary
Introduced
02/15/2023
02/15/2023
In Committee
04/08/2023
04/08/2023
Crossed Over
04/07/2023
04/07/2023
Passed
Dead
04/10/2023
04/10/2023
Introduced Session
2023 Regular Session
Bill Summary
AN ACT concerning Economic Development - Industry 4.0 Technology Grant Program FOR the purpose of establishing the Industry 4.0 Technology Grant Program in the Department of Commerce to provide grants to certain small and medium-sized manufacturing enterprises to assist those manufacturers with implementing new Industry 4.0 technology or related infrastructure for certain purposes; establishing the Industry 4.0 Technology Grant Fund as a special, nonlapsing fund; requiring the Governor to include in the annual budget bill a certain appropriation to the Fund in certain fiscal years; and generally relating to the Industry 4.0 Technology Grant Program for manufacturers. BY adding to Article - Economic Development Section 5-2301 through 5-2304 to be under the new subtitle “Subtitle 23. Industry 4.0 Technology Grant Program” Annotated Code of Maryland (2018 Replacement Volume and 2022 Supplement)
AI Summary
This bill establishes the Industry 4.0 Technology Grant Program in the Maryland Department of Commerce. The program provides grants to small and medium-sized manufacturing enterprises (SMEs) to assist them in implementing new Industry 4.0 technologies or related infrastructure, such as advanced sensors, robotics, data analytics software, and cybersecurity solutions. The bill creates the Industry 4.0 Technology Grant Fund as a special, non-lapsing fund to finance the grants, and requires the Governor to include an annual appropriation of $1 million to the fund from fiscal years 2025 to 2028. The grants range from $25,000 to $500,000, with SMEs required to provide matching funds based on a sliding scale formula. The bill also reserves at least 20% of the available funds each year for SMEs with 50 or fewer employees.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (1)
Last Action
Referred Rules and Executive Nominations (on 04/08/2023)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0906?ys=2023RS |
| BillText | https://mgaleg.maryland.gov/2023RS/bills/sb/sb0906t.pdf |
| Favorable with Amendments 903728/1 Adopted | https://mgaleg.maryland.gov/2023RS/amds/bil_0006/sb0906_90372801.pdf |
| Vote Image | https://mgaleg.maryland.gov/2023RS/votes_comm/sb0906_b&t.pdf |
| BillText | https://mgaleg.maryland.gov/2023RS/bills/sb/sb0906f.pdf |
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