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Bill

SB 388

Economic Development - Delivering Economic Competitiveness and Advancing Development Efforts (DECADE) Act

2026 Regular Session Introduced by Malcolm Augustine and 8 co-sponsors

Maryland DECADE Act proposes economic development initiatives to boost state competitiveness through enhanced programs and investment strategies.

Approved by the Governor - Chapter 351
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Bill Summary · SB 388

Legislative bill overview

SB 388, the DECADE Act, is a Maryland economic development bill sponsored by multiple legislators that aims to enhance the state's economic competitiveness and development efforts. The bill appears focused on creating or modifying economic incentive programs, though specific provisions are not detailed in the available legislative record. The measure is currently in the Budget and Taxation Committee with scheduled hearings.

Why is this important

Economic development bills directly affect job creation, business investment, and tax revenue in Maryland. The outcomes of such legislation can influence whether companies expand or relocate within the state, potentially affecting employment opportunities and the state budget. Community stakeholders, businesses, and taxpayers have vested interests in understanding how public resources are allocated toward economic goals.

Potential points of contention

  • Fiscal impact and budget allocation – The bill's cost to the state and how it prioritizes spending among competing economic development programs or other budget needs
  • Incentive structure fairness – Whether tax incentives or subsidies disproportionately benefit certain industries, regions, or company sizes versus broader economic opportunity
  • Accountability and measurable outcomes – Whether the bill includes performance metrics and oversight mechanisms to ensure public funds generate promised economic returns

Compiled from official sources — confirm details with the bill’s official record.

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