Maryland's Senate Bill 784, introduced on January 31, 2025, aims to rectify misnomers in the Economic Development Article related to the Baltimore Metro Subway and Light Rail systems. The bill seeks to officially rename these transit services to their updated titles: Baltimore Metro SubwayLink and Baltimore Light RailLink, reflecting changes made in 2008.

The legislation also establishes a Small, Minority, and Women-Owned Businesses Account under the Department of Economic Development. This account is designed to support eligible fund managers—entities with significant financial or investment experience—as they manage funds allocated for minority and women-owned businesses. The bill outlines that funds will be invested and reinvested by the State Treasurer, with earnings accruing to the account, ensuring a dedicated financial resource for these businesses.

While the bill appears straightforward, it has sparked discussions among lawmakers regarding its implications for economic equity and support for underrepresented business owners. Advocates argue that the bill is a crucial step toward fostering a more inclusive economic environment in Maryland, while some critics question whether the measures go far enough to address systemic barriers faced by minority and women entrepreneurs.

As the bill progresses through the legislative process, its potential to enhance economic opportunities for marginalized groups remains a focal point of debate. If passed, Senate Bill 784 could pave the way for increased investment in minority and women-owned businesses, contributing to a more equitable economic landscape in Maryland.