Press "Enter" to skip to content

Governor Moore Announces $16.2 Million to Support Small Businesses and Community Revitalization Across Maryland

Governor Wes Moore today announced that the Maryland Department of Housing and Community Development has awarded more than $16.2 million to assist small businesses and support local revitalization projects and activities. Grants from the Business Boost Microgrant Program, the Main Street Improvement Grant, and Project Restore 2.0 will provide funds to 121 businesses, local governments, and place-based economic development organizations to spur community revitalization by attracting, retaining, and expanding small businesses, as well as through the promotion of local, cultural attractions and events. “Community growth and business growth are inextricably linked. When we invest in our small businesses, we invest in the neighborhoods they serve and the Marylanders they employ,” said Gov. Moore. “Today, we take an important step toward building a more competitive economy and a more vibrant state.” The Business Boost Microgrant Program helps businesses expand or establish locations, with preference for home-based businesses that are establishing their first commercial location outside of the home. Applicants are required to meet one or more of the priority impact attributes that contribute to Maryland’s economic growth, such as supporting minority and women-owned businesses, driving innovation or technology advancements, growing new industries, or leveraging existing regional strengths. Pending local approval, Business Boost will award […]

The post Governor Moore Announces $16.2 Million to Support Small Businesses and Community Revitalization Across Maryland appeared first on Southern Maryland News Net.

Source: https://smnewsnet.comNew feed

Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *