MIDFA/MEDAAF Authority
The MIDFA/MEDAAF Authority reviews and approves financing through two Maryland programs that support business growth and economic development: the Maryland Industrial Development Financing Authority (MIDFA) and the Maryland Economic Development Assistance Authority and Fund (MEDAAF), also known as Advantage Maryland.
The same Authority members serve both programs, reviewing financing transactions and determining whether projects meet program requirements.
Financing Programs
Maryland Industrial Development Financing Authority (MIDFA)
MIDFA helps businesses and other eligible organizations access financing by providing loan guarantees and supporting the issuance of tax-exempt and taxable revenue bonds.
Maryland Industrial Development Financing Authority (MIDFA)
Advantage Maryland (MEDAAF)
Advantage Maryland provides loans, grants and investments to support economic development projects, including business attraction and retention, infrastructure improvements and other strategic initiatives.
Explore the Advantage Maryland financing program
Members
- Harry Coker, Jr. - Secretary, Maryland Department of Commerce
- Bohdan Denysyk PhD - 2019-2024, President & CEO, Global USA, Inc.
- Diana Emerson - 2022-2027, Executive Director, Waverly Main Street
- Brooke Lierman - Comptroller; State of Maryland
- Richard Ohnmacht - 2022-2026, Chief Commercial Banking Officer, Woodsboro Bank
- Ben Seigel - Comptroller's Designee; State of Maryland
- Ryan Showalter - Esq., 2022-2024, Co-founder, MDSW Law Offices
- Brian Sweeney - 2018-2023, Executive Director, Maryland MEP
Contact
For more information about MIDFA contact:
Bruce Alderman
[email protected]
410-375-0204
For more information about MEDAAF (Advantage Maryland) contact:
Bonnie Barresi
[email protected]
410-375-0204
Maryland Department of Commerce
401 E. Pratt Street
Baltimore, MD 21202