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"Governor Wes Moore Announces $10 Million for Small Business Grants"

Governor Wes Moore announced $10 million for small business and community development grants through the Maryland Department of Housing and Community Development’s Project Restore 2.0 and Business Boost grant programs.

The funding will activate vacant spaces in business corridors, support small businesses with start-up or expansion funds, create jobs, and increase local economic activity.

Project Restore 2.0 will provide $8 million to designated Main Streets, Arts and Entertainment Districts, and other economic development organizations in a designated Sustainable Community.

Grants of up to $300,000 per applicant will go to organizations that have identified priority vacant storefronts or buildings in local business districts. Those organizations would then sub-grant the funding to businesses for rental assistance, renovation and equipment to activate those vacant spaces.

Business Boost’s first round of grant funding will be $2 million directly awarded to eligible small business owners in amounts between $20,000 and $50,000.

The businesses have to be new or expanding and located in designated Sustainable Communities.

Applications will be accepted through Wednesday, April 24th.

   Click Here To Apply