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Thursday, August 23, 2012

Board Approves Hiring Fund Manager To Hand Out Slots Millions


A Maryland board has approved hiring fund managers to disburse slot machine revenue set aside to help minority- and women-owned businesses.

The Board of Public Works voted 2-1 on Wednesday to designate the Maryland Department of Economic Development to manage the small, minority and women-owned business account. It is funded by 1.5 percent of slot machine proceeds.

The board also approved allowing the department to procure the financial services of eligible fund managers.

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2 comments:

  1. AnonymousAugust 23, 2012 at 9:04 AM

    Right... More government employees to siphon off the money from where it was intended to go. Another example of BIGger government.

    ReplyDelete
  2. AnonymousAugust 23, 2012 at 11:21 AM

    The winner won't see much of their money after these clowns get paid off will they?

    ReplyDelete

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