§5–311.

    The purposes of the Fund are to:

        (1)    expand employment opportunities in the State by providing financial assistance to businesses that are engaged in eligible industry sectors, including financial assistance for:

            (i)    aquaculture projects;

            (ii)    arts and entertainment enterprises;

            (iii)    arts and entertainment projects; and

            (iv)    creation and expansion of child care facilities;

        (2)    provide financial assistance for the redevelopment of qualified brownfields sites;

        (3)    provide financial assistance to local governments and the Corporation for economic development projects; and

        (4)    provide grants to local economic development funds.