Established to support Maryland’s working landscapes and resource-based industries
For many years, Maryland’s agricultural, forestry, and seafood industries were stagnant, while Maryland’s rural working landscapes were also disappearing.
To help remedy this situation, in 2004 the Governor and Maryland General Assembly, through legislation, established the Maryland Agricultural and Resource-Based Industry Development Corporation (MARBIDCO) as a quasi-governmental corporation.
Opening an office in 2007, MARBIDCO began its mission to enhance the sustainability and profitability of the State’s agricultural and resource-based industries. MARBIDCO serves to bolster agricultural economies, help enable the production of local food and fiber products, and preserve working farms and forest land throughout the State of Maryland.
MARBIDCO was broadly authorized to:
2004
Established through legislation
2007
Opened office
20+
Targeted loan and grant incentive programs
Statewide
Serving Maryland’s food and fiber future
Our Mission
Enhancing sustainability and profitability
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 industries, which are predominantly family-run enterprises, while also helping to ensure the viability of the rural working landscape that Marylanders cherish so greatly.
Business financing and rural development support
MARBIDCO offers low and moderate-cost agricultural loans and agribusiness loan programs for farmers, as well as loans for watermen, aquaculture, seafood processing, wood processing businesses, vineyard financing, and veterinarian loans.
MARBIDCO also supports partnership arrangements with commercial lenders to help maximize rural lending opportunities and beginning farmer farmland access financing that leads to productive agricultural land being permanently preserved, including for young farmers and small farm financing.
MARBIDCO’s experienced staff can consult with individuals and businesses to determine which programs are the best fit. The organization also offers targeted specialty incentive grants for local farm food aggregation and certain agribusinesses, farm, livestock, and resource-based businesses.
MARBIDCO Programs & Services
Core loans, specialty loans, grants, and rural land preservation
In delivering its financing programs, MARBIDCO works cooperatively with commercial banks, Farm Credit Associations, the various USDA offices, and other federal, State, and local government agencies and land-grant universities.
Developed with stakeholder input, MARBIDCO’s “Core” Loan and business development programs are designed to help fill an important rural development void. In addition to the Core Development Loan Programs, MARBIDCO also offers Specialty Loan Programs funded by other agencies.
What We Do
Helping Maryland’s food and fiber producers and processors innovate and thrive
MARBIDCO’s Vision is to ensure that the State of Maryland has thriving agricultural, forestry, and seafood industries. MARBIDCO plays an important role in helping Maryland’s food and fiber producers and processors to innovate and thrive both today and well into the future.
MARBIDCO is nimble and flexible in providing targeted, specialized financing infrastructure that helps retain existing resource-based industry production and commerce, promotes rural entrepreneurship, and nurtures emerging food, feed, and fiber businesses, including equine and horticultural.
MARBIDCO Value Statement
Values that guide MARBIDCO’s work
Accountability
We are responsible for our actions and for adherence to our mission.
Collaboration
We build trust and credibility across the organization and with stakeholders.
Integrity
We provide quality service, act honestly, and do the right thing.
Respect
We uphold a culture of respect at work and within the community of our stakeholders.