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Advantage Maryland (MEDAAF)

Advantage Maryland (MEDAAF)

Invests Maryland firms in targeted economic development finance in Maryland through structured financing and growth-oriented milestones.

OpenMaryland Department of CommerceUnited StatesEligible in Maryland

Advantage Maryland, formally known as MEDAAF (Maryland Economic Development Assistance Authority and Fund), is a competitive, rolling grant and financing program administered by the Maryland Department of Commerce to attract and retain major economic development projects across the state. The program does not publish a fixed award cap or application deadline; deals are evaluated and awarded on a c…

Competitive conditional grants, loans, and below-market financing for major economic development projects in Maryland's Priority Funding Areas across aerospace, biotech, manufacturing, technology, and related sectors.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Grant + loan
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.—

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Last verified: 22 Jul 2026Source: commerce.maryland.gov