Economic Development - Rural Readiness Program and Rural Maryland Capacity Building Fund - Establishment

SB 300 establishes the Rural Readiness Program, administered by the Rural Maryland Council, to help eligible rural communities (including nonprofits, local governments, tribes, and economic development organizations) build capacity for economic growth through grant application support and project development. It creates a priority for these communities to receive certain state grants, such as those from the Maryland Agricultural Education Fund and the Rural Maryland Prosperity Investment Fund, after completing the program. The bill also creates the Rural Maryland Capacity Building Fund - a permanent fund for grants supporting planning and capacity-building initiatives in rural areas. These provisions directly aim to address rural communities' challenges in accessing resources, infrastructure, and skilled staff.