Maryland Agricultural and Resource Based-Industry Development Corporation

MARBIDCO: Financing Maryland’s Food and Fiber Future A Source For Agricultural Business Development Financing Assistance The Maryland Agricultural and Resource-Based Industry Development Corporation (MARBIDCO) provides Maryland agricultural and rural businesses with the supplemental resources they need to start and grow their enterprises. - MARBIDCO is a nimble quasi-governmental organization that is an instrumentality of the State of Maryland, with a mission to serve the State's commercial farming, forestry, and seafood industries. - MARBIDCO assists qualifying businesses in securing affordable capital and credit for equipment, commercial facilities, and real estate purchases - often partnering with commercial lenders and state and local economic development and land conservation organizations. - MARBIDCO is committed to supporting the sustainability of the state's agricultural, forestry, and seafood businesses, most of which are family-run enterprises, while at the same time helping to ensure the viability of the rural working landscape that Marylanders so greatly cherish. A safe and healthy local food supply, clean air and water, thriving rural communities, and productive pastoral scenic vistas are what we plan to help sustain for future generations. What MARBIDCO Offers: - Low and moderate-cost loan programs for farmers, watermen, as well as aquaculture, seafood processing, and wood processing businesses - Partnership arrangements with commercial lenders to help maximize rural lending opportunities - Beginning Farmer land access financing leading to productive agricultural land being permanently preserved - Targeted specialty incentive grants for local farm food aggregation and certain farm and resource-based businesses - MARBIDCO staff can consult with individuals and businesses to determine which programs are the best fit.