MARBIDCOMaryland Agricultural and Resource-Based Industry Development Corporation
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-- The Maryland wine and grape industry is still small, but a statewide organization, the Maryland Agricultural & Resource-Based Industry Development Corporation (MARBIDCO) wants to expand the state's commercial vineyard acreage.
The loans may not be used for purchasing tractors, pickup trucks or wine-making equipment, which are eligible under other MARBIDCO ( programs.
According to Steven McHenry, the executive director of MARBIDCO, the vineyard loan fund "was developed in response to conversations with grapegrowers about their needs, and takes into account the fact that it takes three to four years to get a harvest from a newly planted vineyard.