MARYLAND AGRICULTURAL & RESOURCE-BASED INDUSTRY DEVELOPMENT CORPORATION

Clock Tower Place, Suite 28
1410 Forest Drive, Annapolis, MD 21403
(410) 267-6807; fax: (410) 267-6809
e-mail: smchenry@marbidco.org
web: www.marbidco.org

Budget	Reports

Clock Tower Place, 1410 Forest Drive, Annapolis, Maryland, September 2008. Photo by Diane F. Evartt.

Appointed by Governor with Senate advice & consent to 4-year terms: W. David Thompson, 2010; Peter P. Alexander, 2012; J. Robert Frazee, 2012; Howard D. Leathers, Ph.D., 2012; Douglas W. Lipton, Ph.D., 2013; Pamela N. Saul, 2013; Joseph E. Chisolm, Sr., 2014; Phyllis E. Kilby, 2015; Sarah J. O'Herron, 2015; Faith Elliott Rossing, 2015; one vacancy.

Ex officio: S. Patrick McMillan, designee of Secretary of Agriculture; D. Gregory Cole, designee of Secretary of Business & Economic Development; Emily H. Wilson, designee of Secretary of Natural Resources; Donald J. Darnall, Executive Director, Maryland Food Center Authority; Vanessa A. Orlando, Executive Director, Rural Maryland Council; Nick T. Place, Ph.D., Associate Director, Maryland Cooperative Extension.

In July 2004, the Maryland Agricultural and Resource-Based Industry Development Corporation was authorized as a public corporation and an instrumentality of the State (Chapter 467, Acts of 2004). The Corporation works to bolster rural economies and preserve working farm and forest land by enhancing the sustainability and profitability of agricultural and resource-based industries in the State.

Maryland's agricultural businesses are aided by the Corporation which provides access to capital, credit, and financing opportunities, as well as new market development and business planning guidance. Through grants and low-interest loan programs, the Corporation provides financing to farm, forestry and seafood operations to help them take advantage of emerging markets in food and fiber production and in rural tourism. Rural land preservation is facilitated by the Corporation's work with State and local land preservation agencies and commercial lenders. Young or beginning farmers and agricultural enterprises seeking to diversify their business operations also receive assistance from the Corporation. (Code Economic Development Article, secs. 10-501 through 10-527).

The Corporation is governed by a Board of Directors consisting of seventeen members. Eleven are appointed to four-year terms by the Governor, and six serve ex officio (Code Economic Development Article, sec. 10-505).

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